Friday, September 10, 2010 3:55

Aetna Inc. (AET)

Posted by leapleaf on Tuesday, July 7, 2009, 20:50
This item was posted in Top Stock Picks and has 0 Comments so far.

Aetna Inc. is a diversified healthcare benefits company. The Company offers a range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. The Company’s operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. Health Care products consist of medical, pharmacy benefits management, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative, basis. Group Insurance products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. Large Case Pensions manages a variety of retirement products (including pension and annuity products) primarily for tax qualified pension plans.

-Health-care stocks surged today after the White House indicated it’s open to a compromise on its bid for government-run health-care reforms, which could force big changes on private insurers.

-Aetna Inc. announced that its second-quarter 2009 results will be made public on Wednesday, July 29, at 6 a.m. ET. Aetna also will host a conference call, which will begin at 10 a.m. ET on that day.

-The fundamentals for AET are pretty strong. EPS is 2.91. It has an ongoing P/E ratio around 8.91, which indicates that it seems undervalued.

-AET rose 6.27% today despite making health care reform concessions, as shareholders see they have a seat at the bargaining table. So far AET has hit a 52-week low of $14.21 and 52-week high of $44.64. It has been showing support around $24.08 and resistance in the $28.16 range. Technical indicator is buy.  Here is the chart:

aet

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