Havens Advisors LLC purchased a new position in Aetna Inc (NYSE:AET) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,500 shares of the company’s stock, valued at approximately $3,518,000. Aetna accounts for about 2.6% of Havens Advisors LLC’s portfolio, making the stock its 14th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lloyds Banking Group plc bought a new stake in shares of Aetna during the 3rd quarter valued at $106,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Aetna during the 3rd quarter valued at $116,000. Westside Investment Management Inc. raised its position in shares of Aetna by 53.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock valued at $177,000 after purchasing an additional 400 shares during the period. Phocas Financial Corp. bought a new stake in shares of Aetna during the 2nd quarter valued at $182,000. Finally, Highstreet Asset Management Inc. raised its position in shares of Aetna by 105.5% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,243 shares of the company’s stock valued at $198,000 after purchasing an additional 638 shares during the period. Institutional investors and hedge funds own 87.69% of the company’s stock.
Several analysts have recently commented on AET shares. Citigroup raised their price objective on shares of Aetna from $183.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a research note on Thursday, October 12th. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley cut shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price for the company. in a research note on Wednesday, December 20th. Finally, Jefferies Group raised their target price on shares of Aetna from $163.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $172.64.
Shares of Aetna Inc (NYSE AET) traded up $0.44 during trading hours on Wednesday, hitting $184.64. 2,335,200 shares of the company’s stock were exchanged, compared to its average volume of 3,057,380. Aetna Inc has a 1-year low of $116.04 and a 1-year high of $192.37. The stock has a market cap of $60,430.00, a PE ratio of 34.13, a P/E/G ratio of 1.58 and a beta of 0.61. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. During the same quarter last year, the business posted $2.07 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. equities research analysts forecast that Aetna Inc will post 9.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, January 10th. Aetna’s dividend payout ratio is presently 36.97%.
Aetna Company Profile
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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