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Last $115.19 USD
Change Today +1.40 / 1.23%
Volume 4.2M
AET On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

aetna inc (AET) Snapshot

Open
$115.99
Previous Close
$113.79
Day High
$117.10
Day Low
$112.24
52 Week High
06/26/15 - $134.40
52 Week Low
10/15/14 - $71.81
Market Cap
40.2B
Average Volume 10 Days
3.3M
EPS TTM
$7.00
Shares Outstanding
348.6M
EX-Date
07/14/15
P/E TM
16.5x
Dividend
$1.00
Dividend Yield
0.85%
Current Stock Chart for AETNA INC (AET)

aetna inc (AET) Details

Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis. It also provides point-of-service, preferred provider organization, health maintenance organization, and indemnity benefit plans, as well as health savings accounts and consumer-directed health plans. In addition, this segment offers Medicare and Medicaid products and services, and other medical products, such as medical management and data analytics services, medical stop loss insurance, workers' compensation administrative services, and products that provide access to its provider networks in select geographies. This segment offers its products and services to multi-site national, mid-sized, and small employers. The Group Insurance segment provides life insurance products, including group term life insurance, voluntary spouse and dependent term life insurance, group universal life insurance, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which offer the benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities. This segment provides its products to employers that sponsor its products for the benefit of their employees and their employees' dependents. The Large Case Pensions segment manages retirement products, including pension and annuity products primarily for tax-qualified pension plans. It offers its products to employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Aetna Inc. was founded in 1853 and is based in Hartford, Connecticut.

48,800 Employees
Last Reported Date: 02/27/15
Founded in 1853

aetna inc (AET) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $996.2K
President
Total Annual Compensation: $649.5K
Chief Financial Officer, Chief Enterprise Ris...
Total Annual Compensation: $697.3K
Executive Vice President of Operations & Tech...
Total Annual Compensation: $628.0K
Senior Executive Vice President of Healthagen
Total Annual Compensation: $846.7K
Compensation as of Fiscal Year 2014.

aetna inc (AET) Key Developments

Aetna Inc. Enters into Third Amendment to Five-Year Credit Agreement

On July 30, 2015, Aetna Inc. (Aetna) entered into a Third Amendment to the Five-Year Credit Agreement dated as of March 27, 2012 with the various lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. Pursuant to the Third Amendment, the lenders agreed to increase their aggregate commitments under the Existing Credit Agreement by $1.0 billion, to a maximum aggregate amount of revolving loans and letters of credit outstanding of $3.0 billion. The Third Amendment also modifies the calculation of total debt for the purposes of determining compliance prior to the Closing Date with certain covenants to exclude debt incurred by Aetna or its subsidiaries to finance its proposed acquisition of Humana Inc., the other financing transactions related to the Proposed Acquisition and/or the payment of fees and expenses incurred in connection therewith so long as either (A) the net proceeds of such debt are set aside to finance the Proposed Acquisition, the other financing transactions related to the Proposed Acquisition and/or the payment of fees and expenses incurred in connection therewith or (B) such debt is subject to mandatory redemption in the event that the merger agreement for the Proposed Acquisition is terminated or expires. The effectiveness of the increase in commitments under the Existing Credit Agreement is subject to various conditions precedent including: (i) the consummation of the Proposed Acquisition; (ii) the accuracy on and as of the Increase Effective Date of certain representations and warranties related to Aetna; (iii) termination of Humana's existing credit agreement dated as of July 9, 2013; and (iv) other customary conditions each as more fully described in the Third Amendment. On July 30, 2015, the company entered into a 364-day bridge credit agreement. Under the Bridge Credit Agreement, Citibank, N.A. (Citi) is the administrative agent. In addition to Citi, fourteen other lenders are party to the Bridge Credit Agreement. The maximum aggregate loan commitment of any single lender under the Bridge Credit Agreement is $2.6 billion. Citigroup Global Markets Inc., an affiliate of Citi, also is serving as financial advisor to Aetna in connection with the Proposed Acquisition. Under the Bridge Credit Agreement, Aetna may borrow on an unsecured basis an aggregate principal amount of up to $13.0 billion to the extent Aetna has not received $13.0 billion in net cash proceeds from issuing senior notes or from certain other transactions on or prior to the Closing Date. Any proceeds of the Bridge Credit Agreement are required to be used to fund the Proposed Acquisition and to pay fees and expenses incurred in connection therewith. Any borrowings under the Bridge Credit Agreement mature 364 days after the closing date of the Proposed Acquisition. Amounts outstanding under the Bridge Credit Agreement will bear interest, at Aetna's option, either (a) at the London Interbank Offered Rate (LIBOR); or (b) at the base rate (defined as the highest of (i) the prime rate, (ii) the federal funds effective rate plus 0.50% per annum and (iii) LIBOR for an interest period of one month plus 1.00% per annum), plus, in each case, the applicable LIBOR margin or base rate margin depending upon the ratings of the company's long-term senior unsecured indebtedness. The minimum and maximum LIBOR margins are 0.75% and 1.25% per annum, respectively, and the minimum and maximum base rate margins are 0% and 0.25% per annum, respectively, provided, however, that the applicable margins will increase by 0.25% per annum on the 90th day following the Closing Date and by an additional 0.25% per annum each 90th day thereafter while loans remain outstanding under the Bridge Credit Agreement. Aetna will also pay to each lender on each of the following dates a duration fee equal to the following applicable percentages of the aggregate principal amount of such lender's loans outstanding on such date: (i) 90 days after the Closing Date, 0.50%; (ii) 180 days after the Closing Date, 0.75%; and (iii) 270 days after the Closing Date, 1.00%. Aetna will also pay the lenders certain other fees. On July 30, 2015, the company entered into a three-year term loan credit agreement. Under the Term Loan Agreement, Citi is the administrative agent. In addition to Citi, sixteen other lenders are party to the Term Loan Agreement. The maximum aggregate loan commitment of any single lender under the Term Loan Agreement is $320 million. Under the Term Loan Agreement, Aetna may borrow on an unsecured basis an aggregate principal amount of $3.2 billion. Any proceeds of the Term Loan Agreement are required to be used to fund the Proposed Acquisition and to pay fees and expenses incurred in connection therewith. Any borrowings under the Term Loan Agreement mature three years after the Closing Date. Amounts outstanding under the Term Loan Agreement will bear interest, at Aetna's option, either (a) LIBOR; or (b) at the base rate (defined as the highest of (i) the prime rate, (ii) the federal funds effective rate plus 0.50% per annum and (iii) LIBOR for an interest period of one month plus 1.00% per annum), plus, in each case, the applicable LIBOR margin or base rate margin depending upon the ratings of Aetna's long-term senior unsecured indebtedness. The minimum and maximum LIBOR margins are 0.75% and 1.50% per annum, respectively, and the minimum and maximum base rate margins are 0% and 0.50% per annum, respectively. Aetna will also pay the lenders certain other fees.

North Shore-LIJ Health System and Aetna Sign Agreement to Provide Integrated Health Care to 30,000 New Yorkers

North Shore-LIJ Health System and Aetna announced a joint agreement that covers approximately 30,000 commercial members in a value-based collaboration designed to enhance patient care coordination, improve quality health outcomes and reduce healthcare costs. The agreement features a new payment model to reward North Shore-LIJ Premium providers for meeting quality and efficiency measures, including: the percentage of Aetna members who get recommended preventive care and screenings; better management of patients with chronic conditions such as heart failure; and appropriateness of antibiotic use. Under the agreement, care for Aetna members will be coordinated through North Shore-LIJ Premium IPA, an integrated network of over 5,500 primary care and specialty physicians as well as other healthcare professionals in the New York metropolitan area. Members can continue to use North Shore-LIJ's network of 19 hospitals, more than 400 outpatient practices and a full continuum of long-term care, rehabilitation, homecare, hospice and other services on Long Island, New York City and Westchester. North Shore-LIJ Care Solutions oversees the health system's care management strategy and operations, and coordinates clinical care for high-risk patients who are the intensive users of services. To address the complexity of delivering services across the continuum of care, North Shore-LIJ's information technology team developed innovative electronic care management software called Care Tool. Care Tool is used to support care coordination and outreach for complex, high-risk patients and helps patients meet their health and personal wellness goals.

Aetna Inc. to Report Q2, 2015 Results on Aug 04, 2015

Aetna Inc. announced that they will report Q2, 2015 results at 6:00 AM, US Eastern Standard Time on Aug 04, 2015

 

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AET Competitors

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Company Last Change
Anthem Inc $152.50 USD -0.28
Cigna Corp $143.89 USD +0.53
Humana Inc $182.33 USD -0.07
MetLife Inc $55.93 USD +0.20
Prudential Financial Inc $89.84 USD +0.70
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AET

Industry Average

Valuation AET Industry Range
Price/Earnings 18.8x
Price/Sales 0.7x
Price/Book 2.6x
Price/Cash Flow 16.6x
TEV/Sales 0.4x
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