NEW YORK (TheStreet) -- Aetna (AET) stock is increasing by 3.35% to $114.85 in late afternoon trading on Thursday, following the company's release of its 2015 third quarter earnings results. 

The health care benefits company reported earnings of $1.59 per share for the most recent quarter, down from $1.67 per share in the year ago period. Operating earnings for the quarter were $1.90 per share. 

Revenue climbed by 2% year over year, to $14.99 billion from $14.70 billion in the 2014 third quarter.

Analysts had forecast for earnings of $1.77 per share on revenue of $15.22 billion.

Aetna raised its full-year 2015 earnings forecast to a range between $7.45 per share and $7.55 per share, up from the prior forecast of more than $7.40 per share. 

"We are quite pleased with our third-quarter results, which continue to be supported by strong cash flow and operating margins," CEO Shawn M. Guertin said in a statement. "Our strong underwriting results benefited from disciplined pricing and continued moderate medical cost trends."

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Separately, TheStreet Ratings team rates AETNA INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

We rate AETNA INC (AET) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: AET

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