Traders Sell Shares of Aetna (AET) on Strength (AET)

Investors sold shares of Aetna Inc (NYSE:AET) on strength during trading on Wednesday. $109.21 million flowed into the stock on the tick-up and $165.18 million flowed out of the stock on the tick-down, for a money net flow of $55.97 million out of the stock. Of all companies tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $0.38 for the day and closed at $183.48

A number of research firms have weighed in on AET. Piper Jaffray Companies upgraded shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price objective on the stock in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Morgan Stanley cut shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price objective on the stock. in a research report on Wednesday, December 20th. Credit Suisse Group reiterated a “neutral” rating and set a $195.00 price objective (up previously from $174.00) on shares of Aetna in a research report on Wednesday, December 6th. Finally, Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research report on Wednesday, December 6th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $172.64.

The company has a market capitalization of $60,260.00, a P/E ratio of 34.05, a PEG ratio of 1.64 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 (NYSE:AET) last issued its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. sell-side analysts predict that Aetna Inc will post 9.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is presently 36.97%.

A number of large investors have recently added to or reduced their stakes in AET. Stephens Inc. AR lifted its position in shares of Aetna by 5.6% during the second quarter. Stephens Inc. AR now owns 7,996 shares of the company’s stock valued at $1,214,000 after buying an additional 427 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Aetna during the second quarter valued at about $1,030,000. Norinchukin Bank The lifted its position in shares of Aetna by 0.7% during the second quarter. Norinchukin Bank The now owns 23,018 shares of the company’s stock valued at $3,495,000 after buying an additional 164 shares during the last quarter. Comerica Securities Inc. purchased a new stake in shares of Aetna during the second quarter valued at about $419,000. Finally, Nationwide Fund Advisors lifted its position in shares of Aetna by 7.1% during the second quarter. Nationwide Fund Advisors now owns 221,774 shares of the company’s stock valued at $33,672,000 after buying an additional 14,676 shares during the last quarter. 87.80% of the stock is owned by institutional investors.

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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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