Aetna Inc (AET.N) posted higher quarterly earnings on Thursday, helped by lower-than-expected medical costs, and raised its full-year profit forecast, continuing a string of strong results for the health insurance industry. The company also said it would buy Prodigy Health Group, a third-party administrator of self-funded health plans, for $600 million. Aetna's first-quarter net income rose to $586 million, or $1.50 per share, from $562.6 million, or $1.28 per share, a year earlier. Revenue fell about 3 percent to $8.39 billion.
Aetna Inc. (Aetna) is a diversified health care benefits company, serving approximately 35. Shares of AET remained unchanged at $39.81. In the past year, the shares have traded as low as $25.00 and as high as $39.74. On average, 3853880 shares of AET exchange hands on a given day and today's volume is recorded at 200.
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