Ladenburg Thalmann Financial Services Inc. Grows Position in Aetna Inc (AET)

Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Aetna Inc (NYSE:AET) by 30.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,587 shares of the company’s stock after acquiring an additional 5,510 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Aetna were worth $3,752,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AET. Lloyds Banking Group plc acquired a new position in Aetna during the third quarter worth $106,000. Bruderman Asset Management LLC acquired a new position in Aetna during the second quarter worth $106,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Aetna during the third quarter worth $116,000. Westside Investment Management Inc. raised its holdings in Aetna by 53.5% during the second quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after buying an additional 400 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in Aetna during the second quarter worth $182,000. Institutional investors own 88.01% of the company’s stock.

Aetna Inc (AET) opened at $179.11 on Thursday. The firm has a market cap of $59,138.27, a PE ratio of 17.76, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Aetna Inc has a 1 year low of $116.04 and a 1 year high of $192.37.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.12%. Aetna’s dividend payout ratio is presently 37.04%.

AET has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Argus restated a “buy” rating and set a $185.00 price objective (up previously from $165.00) on shares of Aetna in a report on Tuesday, September 12th. Cantor Fitzgerald downgraded shares of Aetna from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “strong-buy” rating and set a $184.00 price objective on the stock in a report on Wednesday, October 25th. Finally, Raymond James Financial upgraded shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Aetna has a consensus rating of “Buy” and a consensus price target of $175.19.

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

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About Aetna

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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