Global Financial Private Capital LLC purchased a new position in shares of Aetna Inc (NYSE:AET) in the fourth quarter, Holdings Channel reports. The fund purchased 2,651 shares of the company’s stock, valued at approximately $478,000.
A number of other hedge funds have also made changes to their positions in AET. Advisory Services Network LLC boosted its position in Aetna by 16.2% during the 2nd quarter. Advisory Services Network LLC now owns 1,780 shares of the company’s stock worth $270,000 after acquiring an additional 248 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Aetna during the 2nd quarter worth $7,592,000. Shell Asset Management Co. boosted its position in Aetna by 58.9% during the 3rd quarter. Shell Asset Management Co. now owns 67,798 shares of the company’s stock worth $5,492,000 after acquiring an additional 25,133 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Aetna during the 3rd quarter worth $990,000. Finally, Hermes Investment Management Ltd. boosted its position in Aetna by 8.1% during the 3rd quarter. Hermes Investment Management Ltd. now owns 8,055 shares of the company’s stock worth $1,281,000 after acquiring an additional 603 shares during the period. Institutional investors own 84.88% of the company’s stock.
A number of research analysts have issued reports on the company. Piper Jaffray Companies upgraded Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target for the company in a research report on Wednesday, January 3rd. Wells Fargo & Co reiterated an “outperform” rating and set a $208.00 price target (up previously from $200.00) on shares of Aetna in a research report on Monday, December 4th. Morgan Stanley lowered Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target for the company. in a research report on Wednesday, December 20th. Deutsche Bank upgraded Aetna from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $212.00 in a report on Monday, January 22nd. Finally, ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $185.94.
Shares of Aetna Inc (NYSE:AET) opened at $178.51 on Monday. The stock has a market capitalization of $58,362.50, a price-to-earnings ratio of 18.16, a PEG ratio of 1.45 and a beta of 0.60. 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 Inc has a 52-week low of $124.83 and a 52-week high of $194.40.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $14.74 billion for the quarter, compared to analyst estimates of $14.79 billion. Aetna had a return on equity of 21.50% and a net margin of 3.15%. Aetna’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. research analysts anticipate that Aetna Inc will post 10.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is presently 34.78%.
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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