Logan Capital Management Inc. lessened its stake in shares of Aetna Inc (NYSE:AET) by 24.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,177 shares of the company’s stock after selling 375 shares during the quarter. Logan Capital Management Inc.’s holdings in Aetna were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in AET. Alpine Associates Management Inc. purchased a new stake in Aetna during the 4th quarter worth approximately $159,933,000. Orbimed Advisors LLC grew its position in Aetna by 57.3% during the 3rd quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock worth $222,057,000 after purchasing an additional 508,600 shares during the last quarter. CI Investments Inc. purchased a new stake in Aetna during the 4th quarter worth approximately $87,552,000. Governors Lane LP purchased a new stake in Aetna during the 4th quarter worth approximately $68,223,000. Finally, Point72 Asset Management L.P. grew its position in Aetna by 233.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 429,353 shares of the company’s stock worth $68,271,000 after purchasing an additional 300,753 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.
Aetna Inc (NYSE AET) opened at $175.55 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. Aetna Inc has a 12 month low of $124.84 and a 12 month high of $194.40. The stock has a market cap of $57,234.55, a price-to-earnings ratio of 30.53, a P/E/G ratio of 1.42 and a beta of 0.60.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The firm had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. During the same period in the previous year, the business posted $0.08 EPS. The business’s revenue was down 6.2% compared to the same quarter last year. research analysts anticipate that Aetna Inc will post 10.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.14%. Aetna’s dividend payout ratio is currently 34.78%.
Several analysts have weighed in 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 research report on Friday, October 27th. Morgan Stanley downgraded shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price on the stock. in a research report on Wednesday, December 20th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $195.00 price objective (up from $174.00) on shares of Aetna in a report on Wednesday, December 6th. Raymond James Financial raised shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Aetna from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Aetna currently has an average rating of “Buy” and a consensus price target of $189.50.
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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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