what happened to aetna stock

What happened to Aetna?

Within a few years, Aetna shed 8 million covered lives due to premiums that customers could no longer afford. Also in 2000, Aetna sold its financial services and international businesses to ING Group for $7.7 billion, spun off its health business to its shareholders, thus focusing its business as an independent health and group benefits company.

Who owns Aetna Stock?

As of 2017 Aetna shares are mainly held by institutional investors (BlackRock, The Vanguard Group, State Street Corporation, T. Rowe Price, Capital Group Companies and others) It was announced on December 3, 2017 that CVS Health Corporation would purchase Aetna for an estimated $69 billion USD.

Is Aetna (AET) a “underperform” stock?

Aetna has received 373 “underperform” votes. (Add your “underperform” vote.) Aetna has received 71.40% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about Aetna and other stocks. Vote “Outperform” if you believe AET will outperform the S&P 500 over the long term.

How much did the CEO of Aetna make in 2008?

2008: Aetna CEO Ron Williams received $38.12 million in executive compensation. Also in 2008, Aetna began offering pet health insurance through Pets Best Insurance Services.

Is Aetna stock still trading?

Notice: This company has been marked as potentially delisted and may not be actively trading. Adding Aetna Inc.

Did CVS buy Aetna?

CVS completes its acquisition of Aetna.

What is price of Aetna stock?

AET Price/Volume StatsCurrent price$212.7052-week highPrev. close$212.0052-week lowDay low$211.79VolumeDay high$213.36Avg. volume50-day MA$203.39Dividend yield1 more row

Why did CVS merge with Aetna?

CVS-Aetna merger Facebook broadcast The AMA showed that the merger would reduce competition in certain pharmaceutical benefit markets, leading to higher premiums and lower-quality insurance products.

Who took over Aetna?

CVS Health CorporationAetna agrees to be acquired by CVS Health Corporation in a transaction valuing Aetna at about $69 billion.

Who is Aetna owned by?

CVS HealthAetnaTypeSubsidiaryProductsHealth insuranceRevenue$60.6 billion (2018)Number of employees47,950 (2018)ParentCVS Health (2018–present)10 more rows

Is CVS a buy or sell?

CVS Health has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 14 buy ratings, 4 hold ratings, and no sell ratings.

Is CVS Health A Good Investment?

CVS Health Corporation - Hold Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of CVS, demonstrate its potential to outperform the market. It currently has a Growth Score of A.

Why did CVS drop today?

CVS stock is falling after earnings. CVS Health CVS –2.13% stock was falling after lowered cash-flow guidance overshadowed better-than-expected fourth-quarter earnings Wednesday. The pharmacy chain reported fourth-quarter revenue of $76.6 billion, beating the FactSet consensus of $75.6 billion.

Did Cigna buy CVS?

Cigna recently announced the completion of its $54-billion acquisition of Express Scripts. Amid mounting antitrust scrutiny of CVS Health's acquisition of Aetna, Cigna announced yesterday the completion of its $54-billion purchase of Express Scripts, according to a press release.

Is Aetna changing its name?

We're changing our name to Aetna We're changing our name and logo, but our relationship with you and our members will stay the same.

Who owns CVS Aetna?

CVS HealthCVS Health-owned Aetna on Monday rolled out a plan design that would steer patients toward its parent company's brick-and-mortar locations — a key concern of antitrust regulators in reviewing the almost $69 billion megamerger that closed in 2019.

When did Aetna change its business practices?

1868 Aetna altered its business practices, hiring its first actuary and abandoning the half-note premium system in favor of an all-cash premium plan. 1872 - Eliphalet A. Bulkeley died and Thomas O. Enders became president. 1878 - Aetna increased its capitalization from $150,000 to $750,000.

Why did Aetna get fined?

The New Jersey Department of Banking and Insurance filed an administrative order levying a $9.5 million fine against Aetna for refusing to appropriately cover certain services provided by out-of-network providers—including emergency treatment —in violation of New Jersey rules and regulations.

How much did Aetna pay to dentists?

The settlement called for Aetna to pay $4 million to 40,000 to 50,000 dentists and $1 million to the ADA Foundation, a charitable group. Georgia Insurance Commissioner John W. Oxendine fined Aetna's Prudential Health Plan $100,000 for violating Georgia's prompt pay law by delaying claims payments.

What did BCI do in the case of Aetna?

(BCI) against Aetna U. S. Healthcare (formerly U. S. Healthcare), its Pennsylvania subsidiary, and one of its former senior executives, Richard Wolfson. In its suit, BCI accused Aetna U. S. Healthcare of tortious interference with contractual relations. BCI alleged the managed-care company used its economic power in the business of prescription drug sales to coerce one of BCI's clients , the "I Got It at Gary's" pharmacy chain, into using another Aetna U. S. Healthcare subsidiary, Corporate Health Administrators, as its health benefits management firm. According to the suit, Aetna U. S. Healthcare threatened to drop "I Got it at Gary's" from its pharmacy network if the company didn't switch to Corporate Health Administrators.

How long did John Rowe serve as CEO of Aetna?

2006 - John Rowe ended his 65 months as CEO and executive chairman of Aetna; during his tenure, the former Harvard geriatrician earned $225,000 a day (including Sundays and holidays). 2007 - Aetna chief medical officer Troy Brennan told the Aetna Investor Conference that, "The (U.S.) healthcare system is not timely.

When did Aetna buy NYLCare?

In 1998, Aetna bought NYLCare Health Plans for $1.05 billion, adding 2.2 million members. The next year, it bought Prudential HealthCare for $1 billion, making it the largest provider of health benefits in the U.S., with more than 21 million members.

When did Aetna start using Hollerith cards?

1910 - Under the management of E. E. Cammack, Aetna began using Hollerith punched cards machines for tabulating and hired 35 women to input mortality statistics on keypunch machines, the company's first female home office clerks. 1911 - Aetna began its first national advertising campaign.

When did CVS get approved by Aetna?

The two companies announced the deal in December 2017 and received preliminary approval from the Department of Justice in October. CVS needed final approval from state insurance regulators where Aetna sells its coverage.

Who is the CEO of CVS?

Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA appear on Squawk Box on Dec. 4th, 2017. It’s been a year in the making, but CVS Health finally closed Wednesday on its acquisition of Aetna, creating a new health-care powerhouse.

Does CVS have to integrate Aetna?

CVS will now need to integrate Aetna and start trying to accomplish its three main priorities: making health care local and accessible, simplifying how consumers access care and lowering costs.

Did CVS and Aetna merge?

Key Points. CVS Health and Aetna have closed their $69 billion merger. CEO Larry Merlo has outlined CVS’ vision for new stores that will include added health services. CVS and Aetna announced the deal in December 2017 and received preliminary approval from the Department of Justice in October.

About Aetna

Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 37.9 million people with information and resources to help them make better informed decisions about their health care.

Cautionary Statement Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 (the "Reform Act") provides a safe harbor for forward-looking statements made by or on behalf of CVS Health or Aetna. This press release contains forward-looking statements within the meaning of the Reform Act.