Speaking prior to a Wednesday investor conference, health benefits provider Aetna Inc. (AET) provided an update on some business items and reaffirmed its full-year earnings guidance.
The Hartford, CT-based company said its still expects full-year 2012 earnings to total around $5.10 per share. Aetna also intimated it expects 2013 profits to exceed its 2012 totals.
Additionally, AET backed its previously-announced medical cost trends forecast for a 6.5% gain, plus or minus 0.5%. The company continues to expect medical membership of 18.2 million at the end of 2012.
Aetna shares were mostly flat in premarket trading Wednesday. The stock is about flat year-to-date.
The Bottom Line
Shares of Aetna (AET) have a 1.69% dividend yield, based on last night’s closing stock price of $41.48. The stock has technical support in the $37-$38 price area. If the shares can firm up, we see overhead resistance around the $44-$45 price levels.
Aetna Inc. (AET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.