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

Traders sold shares of Aetna (NYSE:AET) on strength during trading on Wednesday. $47.04 million flowed into the stock on the tick-up and $92.60 million flowed out of the stock on the tick-down, for a money net flow of $45.56 million out of the stock. Of all companies tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $0.24 for the day and closed at $177.53

A number of brokerages have issued reports on AET. Deutsche Bank upgraded Aetna from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $212.00 in a research report on Monday, January 22nd. Piper Jaffray reiterated a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Jefferies Group reiterated a “hold” rating and set a $205.00 price target on shares of Aetna in a research report on Wednesday, January 31st. Cowen reiterated a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Finally, Credit Suisse Group boosted their price target on Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Aetna has an average rating of “Buy” and an average price target of $189.50.

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The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $58,042.10, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The business had revenue of $14.74 billion during 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%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. research analysts forecast that Aetna will post 11.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. Aetna’s dividend payout ratio (DPR) is 20.28%.

Institutional investors have recently made changes to their positions in the company. Employees Retirement System of Texas raised its position in shares of Aetna by 23.3% during the fourth quarter. Employees Retirement System of Texas now owns 79,381 shares of the company’s stock worth $14,320,000 after purchasing an additional 15,000 shares during the period. Water Island Capital LLC raised its position in shares of Aetna by 224.6% during the fourth quarter. Water Island Capital LLC now owns 150,787 shares of the company’s stock worth $27,200,000 after purchasing an additional 104,337 shares during the period. Farallon Capital Management LLC acquired a new stake in shares of Aetna during the fourth quarter worth $940,734,000. Gotham Asset Management LLC raised its position in shares of Aetna by 5.7% during the fourth quarter. Gotham Asset Management LLC now owns 46,880 shares of the company’s stock worth $8,457,000 after purchasing an additional 2,536 shares during the period. Finally, Leucadia National Corp acquired a new stake in shares of Aetna during the fourth quarter worth $29,404,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

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Aetna Company Profile

Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

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