Bank of Montreal Can lifted its stake in Aetna Inc (NYSE:AET) by 67.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 462,914 shares of the company’s stock after acquiring an additional 186,033 shares during the period. Bank of Montreal Can owned 0.14% of Aetna worth $83,504,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Lloyds Banking Group plc acquired a new stake in shares of Aetna in the 3rd quarter worth approximately $106,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Aetna in the 3rd quarter worth approximately $116,000. Pennsylvania Trust Co bought a new stake in shares of Aetna in the 4th quarter worth approximately $200,000. Westside Investment Management Inc. raised its holdings in shares of Aetna by 53.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after purchasing an additional 400 shares in the last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of Aetna in the 2nd quarter worth approximately $182,000. 87.69% of the stock is owned by institutional investors.
A number of analysts recently commented on AET shares. BMO Capital Markets boosted their target price 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. 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 target price on the stock in a report on Wednesday, October 25th. Credit Suisse Group reiterated a “neutral” rating and issued a $195.00 target price (up from $174.00) on shares of Aetna in a report on Wednesday, December 6th. Finally, Raymond James Financial upgraded shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $172.64.
Shares of Aetna Inc (NYSE AET) opened at $185.49 on Friday. Aetna Inc has a 1-year low of $116.04 and a 1-year high of $192.37. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock has a market cap of $60,490.00, a P/E ratio of 34.29, a PEG ratio of 1.58 and a beta of 0.61.
Aetna (NYSE:AET) last released its quarterly 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 business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. analysts forecast that Aetna Inc will post 9.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be issued 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 dividend yield of 1.08%. Aetna’s dividend payout ratio is currently 36.97%.
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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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