Aetna, Inc. (AET) - Bull of the Day
November 22 2011 - 7:00PM
Zacks
Aetna Inc.'s (AET) third quarter 2011 results exceeded the
Zacks Consensus Estimate. Declining utilization, strong performance
across all the product lines, disciplined pricing and medical cost
trends powered the earnings upside.
Aetna is making very good progress in its Medicare business. The
lifting of the CMS sanctions in June and the acquisition of
Genworth's Medicare Supplement business will advance its Medicare
platform. Aetna is also aggressively looking to generate
incremental fee revenues by managing the infrastructure necessary
for care organizations. Aetna is growing its international business
for diversification benefits.
Moreover, its deployment of $1.2 billion for acquisitions will
gear it fully for the changed environment after the implementation
of the Health Care law. A solid balance sheet, in-target range of
debt and adequate liquidity provide strength.
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