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Aetna Inc (AET)

AET on New York Consolidated

145.57USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Aetna Q2 operating EPS $2.21
Tuesday, 2 Aug 2016 06:00am EDT 

Aetna Inc: Q2 revenue $16 billion versus I/B/E/S view $15.69 billion . Quarter 2016 results . Reaffirms FY 2016 operating earnings per share view $7.90 to $8.10 . Q2 earnings per share $2.23 . Q2 earnings per share view $2.12 -- Thomson Reuters I/B/E/S . Aetna projects full-year 2016 net income per share of $6.28 to $6.48 . Projects full-year 2016 net income per share of $6.28 to $6.48 . FY2016 earnings per share view $8.05 -- Thomson Reuters I/B/E/S . Qtrly health care medical benefit ratio 82.4% versus 81.1% . Medical membership totaled approximately 23.0 million at june 30, 2016 . "continue to expect strong operating performance for remainder of 2016" .To withdraw all 2017 public exchange expansion plans, undertaking evaluation of future participation in current 15-state footprint.  Full Article

Moody's affirms Aetna's and Humana's ratings
Wednesday, 27 Jul 2016 04:31pm EDT 

Aetna [AET.N] Humana [HUM.N] : Moody's affirms aetna's ratings, humana's ratings remain on review following doj lawsuit . The outlook on aetna and its subsidiaries remains stable. .Ratings reflect that there remains reasonable probability that merger will ultimately be approved despite doj lawsuit.  Full Article

Centene Corp: Do not have the network for Aetna assets
Tuesday, 26 Jul 2016 11:05am EDT 

Centene Corp : Continue to see as well as anticipate stable medical cost trends - conf call . Health insurance exchange experience continues to be favorable - conf call . Do not have the network for humana and aetna assets; want products for low-income seniors . In the second quarter, over 90 percent of exchange members were subsidy-eligible - conf call . Entered the q2 with about 680,000 exchange members across 15 states - conf call Further company coverage: [CNC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

S&P says Aetna and Humana placed on creditwatch following U.S. DOJ announcement
Thursday, 21 Jul 2016 07:12pm EDT 

S&P on Aetna and Humana: Intend to resolve the creditwatch placements after we evaluate additional details surrounding the suit and assess potential courses of action . Aetna Inc., Humana Inc. and core subsidiaries ratings placed on creditwatch following U.S. department. Of justice announcement Source (http://bit.ly/29XoZD7) (Reporting by Parikshit Mishra) ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)).  Full Article

Aetna CEO Bertolini says "we are willing to take this all the way to the very end" - CNBC
Thursday, 21 Jul 2016 12:47pm EDT 

: Aetna Inc CEO Mark Bertolini - We think the remedies we propose were appropriate - CNBC . Aetna Inc CEO Mark Bertolini - "We are willing to take this all the way to the very end" - CNBC . Aetna CEO - If we can't come to negotiation on what markets to divest...willing to let judge decide whether medicare advantage ,medicare fee for service compete - CNBC Further company coverage: [AET.N HUM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Humana increases FY 2016 earnings guidance
Thursday, 21 Jul 2016 11:57am EDT 

Humana Inc : Humana increases earnings guidance . Sees Q2 2016 adjusted earnings per share about $2.28 . Sees FY 2016 adjusted earnings per share at least $9.25 . says updated guidance for FY16 adjusted eps of at least $9.25 compares to its previous guidance for FY16 adjusted eps of at least $8.85 . Higher guidance due to better-than-expected performance YTD for individual medicare advantage and healthcare services businesses . "Individual business remains very challenging" . Experiencing better-than-expected performance across several of its businesses resulting in an increase in its FY16 earnings guidance for these businesses . sees Q2 gaap earnings per share $2.03 . Due to pending transaction with Aetna, company is not planning to host a conference call in conjunction with Q2 earnings release . Says expects 2017 premiums associated with ACA-compliant offerings in range of $750 million to $1 billion . Notified relevant departments of insurance of intent to discontinue certain on-exchange individual products across various geographies for 2017 . Guidance for FY16 adjusted to reflect lower projected tax rate, raising co's eps guidance by approximately $0.12 per diluted common share . Together with Aetna, company intends to "vigorously defend" Aetna transaction in response to DOJ lawsuit.  Full Article

U.S. files antitrust lawsuit vs Aetna, Humana
Thursday, 21 Jul 2016 10:19am EDT 

: U.S. files antitrust lawsuit to block Aetna Inc Humana Inc deal -- court records . Lawsuit filed in federal court in Washington, d.c.; complaint not immediately available online.  Full Article

Aetna and Humana to defend their pending transaction
Thursday, 21 Jul 2016 10:19am EDT 

: Aetna and Humana to defend their pending transaction .Plans to "vigorously defend" Aetna-Humana pending merger in response to U.S. DOJ lawsuit seeking to block transaction.  Full Article

Aetna ready to defend its deal if sued - CNBC
Wednesday, 20 Jul 2016 12:50pm EDT 

: Aetna Ready To Defend Its Deal If Sued, Has Divestitures In Place - CNBC, citing source Further company coverage: [AET.N HUM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

U.S. said poised to sue to block Anthem, Aetna mergers - Bloomberg
Tuesday, 19 Jul 2016 10:42am EDT 

: U.S. said poised to sue to block Anthem, Aetna mergers - Bloomberg . While the companies may offer to sell assets to gain approval for the deals, that's unlikely to sway antitrust officials - Bloomberg .While the companies may offer to sell assets to gain approval for the deals, that's unlikely to sway antitrust officials - Bloomberg.  Full Article

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Aetna CEO says acquisitions aimed directly at size not on its list

NEW YORK Aetna Inc Chief Executive Mark Bertolini said on Monday that growing through acquisitions in its existing business lines is "not high on our list" after its deal with Humana Inc failed.