ETRADE Capital Management LLC Increases Holdings in Aetna Inc. (AET)

ETRADE Capital Management LLC boosted its holdings in shares of Aetna Inc. (NYSE:AET) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,656 shares of the company’s stock after acquiring an additional 2,310 shares during the period. ETRADE Capital Management LLC’s holdings in Aetna were worth $1,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its position in Aetna by 73.8% during the second quarter. FMR LLC now owns 13,736,800 shares of the company’s stock worth $2,085,659,000 after acquiring an additional 5,833,567 shares during the last quarter. Segment Wealth Management LLC raised its position in Aetna by 7.4% during the second quarter. Segment Wealth Management LLC now owns 2,078 shares of the company’s stock worth $316,000 after acquiring an additional 143 shares during the last quarter. Marietta Wealth Management LLC raised its position in Aetna by 0.8% during the second quarter. Marietta Wealth Management LLC now owns 17,106 shares of the company’s stock worth $2,597,000 after acquiring an additional 133 shares during the last quarter. Public Sector Pension investment Board raised its position in Aetna by 12.6% during the second quarter. Public Sector Pension investment Board now owns 157,802 shares of the company’s stock worth $23,959,000 after acquiring an additional 17,700 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Aetna by 3.2% during the second quarter. D.A. Davidson & CO. now owns 7,341 shares of the company’s stock worth $1,114,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Shares of Aetna Inc. (AET) opened at 153.57 on Friday. The stock has a market capitalization of $51.00 billion, a P/E ratio of 34.09 and a beta of 0.53. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $164.52. The company has a 50-day moving average of $157.50 and a 200-day moving average of $145.70.

Aetna (NYSE:AET) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $1.08. The business had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share. Equities analysts expect that Aetna Inc. will post $9.55 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Argus restated a “buy” rating and set a $185.00 target price (up previously from $165.00) on shares of Aetna in a research report on Tuesday, September 12th. Morgan Stanley lifted their target price on shares of Aetna from $172.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price (up previously from $150.00) on shares of Aetna in a research report on Wednesday, August 9th. Deutsche Bank AG lifted their target price on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and set a $163.00 target price (up previously from $157.00) on shares of Aetna in a research report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $160.77.

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In other news, EVP Margaret M. Mccarthy sold 10,288 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $162.85, for a total value of $1,675,400.80. Following the completion of the sale, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at $5,465,734.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karen S. Lynch sold 15,271 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the completion of the sale, the president now directly owns 64,261 shares of the company’s stock, valued at $10,404,498.51. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Aetna Company Profile

Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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