Prudential Financial Inc. Increases Position in Aetna Inc. (NYSE:AET)

Prudential Financial Inc. lifted its stake in shares of Aetna Inc. (NYSE:AET) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,089,269 shares of the company’s stock after acquiring an additional 38,223 shares during the period. Prudential Financial Inc. owned approximately 0.33% of Aetna worth $173,205,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AET. BlackRock Inc. increased its position in shares of Aetna by 3,374.9% during the first quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock worth $3,917,344,000 after acquiring an additional 29,828,390 shares in the last quarter. FMR LLC increased its position in shares of 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 in the last quarter. Janus Henderson Group PLC grew its position in Aetna by 9,446.2% in the second quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock valued at $657,255,000 after purchasing an additional 4,283,553 shares in the last quarter. Capital World Investors grew its position in Aetna by 8.9% in the second quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock valued at $3,153,358,000 after purchasing an additional 1,688,767 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Aetna by 26.0% in the first quarter. AQR Capital Management LLC now owns 3,639,077 shares of the company’s stock valued at $464,165,000 after purchasing an additional 751,166 shares in the last quarter. 88.41% of the stock is owned by institutional investors.

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

Shares of Aetna Inc. (AET) opened at $176.24 on Thursday. Aetna Inc. has a 12 month low of $116.04 and a 12 month high of $184.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $57,540.34, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.61 and a beta of 0.61.

Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.12 billion. During the same quarter in the previous year, the company earned $2.07 EPS. The business’s revenue was down 5.0% on a year-over-year basis. equities analysts expect that Aetna Inc. will post 9.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, October 11th. Aetna’s payout ratio is presently 37.04%.

A number of research firms recently weighed in on AET. Jefferies Group LLC reaffirmed a “hold” rating and issued a $163.00 target price (up previously from $157.00) on shares of Aetna in a research report on Friday, August 4th. Credit Suisse Group began coverage on shares of Aetna in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $174.00 target price for the company. Zacks Investment Research downgraded shares of Aetna from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 target price (up previously from $150.00) on shares of Aetna in a research report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. raised shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Aetna has an average rating of “Buy” and an average target price of $172.36.

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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