Company Update (NYSE:AET): Thomas Sabatino Joins Aetna as Executive Vice President and General Counsel

[Business Wire] – Aetna announced that Thomas J. Sabatino, Jr., has been named executive vice president and general counsel, effective April 25. Sabatino also will join Aetna’s Executive Committee, the company’s senior-most leadership team. Read more on this. Aetna Inc. (AET) , with a current value of $39.48B, started the session at $112.12. Looking at today’s trading action, the company’s one day range from $111.66 to $113.44 with a one year range of $92.42 to $134.40. AET shares are currently priced at 14.14x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.52x forward p/e ratio. And for income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 0.89%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $2.23 per share, which would be $0.16 worse than the year-ago quarter and a $0.16 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $7.95, which would be a $0.24 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.46 Billion. If reported, that would be a 2.45% increase over the year-ago quarter. Recently, Jefferies downgraded AET from Buy to Hold (Jan 8, 2016). Previously, Cantor Fitzgerald upgraded AET from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $133.50, which is 19.07% above where the stock opened this morning. See more in (NYSE:AET) Similar Articles: Stock Update: Aetna Inc (NYSE:AET) – Aetna Announces Executive Appearance at Upcoming Barclays Global Healthcare Conference 2016 Company Update: Aetna Inc (NYSE:AET) – Aetna Reports Third-Quarter 2015 Results Company Update (NYSE:AET): Aetna Adds Aetna Whole Health Chicago To GetCoveredIllinois
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