Boothbay Fund Management LLC purchased a new stake in Aetna Inc (NYSE:AET) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,824 shares of the company’s stock, valued at approximately $290,000.
Several other large investors also recently bought and sold shares of AET. Global X Management Co. LLC increased its stake in Aetna by 7.8% during the second quarter. Global X Management Co. LLC now owns 7,828 shares of the company’s stock worth $1,189,000 after acquiring an additional 569 shares during the last quarter. Sigma Planning Corp boosted its holdings in Aetna by 2.6% in the second quarter. Sigma Planning Corp now owns 2,702 shares of the company’s stock valued at $410,000 after purchasing an additional 69 shares during the period. Wedbush Securities Inc. boosted its holdings in Aetna by 1.4% in the second quarter. Wedbush Securities Inc. now owns 3,779 shares of the company’s stock valued at $574,000 after purchasing an additional 52 shares during the period. QV Investors Inc. lifted its holdings in Aetna by 4.8% during the 2nd quarter. QV Investors Inc. now owns 108,084 shares of the company’s stock worth $16,410,000 after buying an additional 4,940 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in Aetna during the 2nd quarter worth about $1,569,000. 88.01% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Margaret M. Mccarthy sold 10,288 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the sale, the executive vice president now directly owns 33,563 shares in the company, valued at approximately $5,465,734.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Karen S. Lynch sold 15,271 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $161.91, for a total value of $2,472,527.61. Following the sale, the president now owns 64,261 shares of the company’s stock, valued at $10,404,498.51. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.
Several analysts have recently weighed in on AET shares. Morgan Stanley boosted their target price on Aetna from $172.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Argus reissued a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of Aetna in a report on Tuesday, September 12th. Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group boosted their price target on Aetna from $163.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets initiated coverage on Aetna in a research report on Monday, October 16th. They issued a “market perform” rating and a $175.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $175.19.
Shares of Aetna Inc (AET) opened at $181.57 on Tuesday. Aetna Inc has a 52 week low of $116.04 and a 52 week high of $192.37. 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 stock has a market capitalization of $59,601.46, a P/E ratio of 17.90, a P/E/G ratio of 1.67 and a beta of 0.61.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. During the same quarter in the prior year, the company earned $2.07 EPS. Aetna’s revenue was down 5.0% on a year-over-year basis. equities analysts forecast that Aetna Inc will post 9.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, January 10th. Aetna’s dividend payout ratio is presently 37.04%.
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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.
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