Keybank National Association OH decreased its holdings in Aetna Inc (NYSE:AET) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,226 shares of the company’s stock after selling 804 shares during the period. Keybank National Association OH owned 0.13% of Aetna worth $76,887,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lloyds Banking Group plc bought a new position in Aetna during the third quarter valued at approximately $106,000. Cerebellum GP LLC purchased a new stake in Aetna during the fourth quarter valued at approximately $125,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Aetna during the third quarter valued at approximately $116,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Aetna during the fourth quarter valued at approximately $180,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Aetna during the fourth quarter valued at approximately $182,000. 87.10% of the stock is owned by hedge funds and other institutional investors.
Aetna Inc (NYSE:AET) opened at $178.52 on Wednesday. The company has a market capitalization of $57,993.06, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. Aetna Inc has a fifty-two week low of $121.60 and a fifty-two week high of $194.40. The company has a current ratio of 1.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $14.79 billion. Aetna had a return on equity of 21.50% and a net margin of 3.15%. Aetna’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. equities analysts predict that Aetna Inc will post 10.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 11th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 10th. This represents a $2.00 annualized dividend and a yield of 1.12%. Aetna’s dividend payout ratio (DPR) is presently 34.78%.
A number of equities research analysts have issued reports on AET shares. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Piper Jaffray Companies upgraded 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. Argus downgraded 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. Morgan Stanley downgraded 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. Finally, Jefferies Group upped their price objective on Aetna from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Aetna has an average rating of “Buy” and an average target price of $185.94.
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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