Cigna Investments Inc. New Lowers Position in AerCap Holdings (NYSE:AER)

Cigna Investments Inc. New trimmed its position in AerCap Holdings (NYSE:AER) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,672 shares of the financial services provider’s stock after selling 183 shares during the period. Cigna Investments Inc. New’s holdings in AerCap were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AerCap by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,949 shares of the financial services provider’s stock worth $9,643,000 after acquiring an additional 17,750 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of AerCap by 31.1% in the 1st quarter. Janus Henderson Group PLC now owns 142,539 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 33,852 shares during the last quarter. Mizuho Markets Americas LLC raised its position in shares of AerCap by 15.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 136,750 shares of the financial services provider’s stock worth $11,885,000 after purchasing an additional 18,700 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AerCap by 2.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,077 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 451 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in AerCap during the 1st quarter valued at about $714,000. Institutional investors own 96.42% of the company’s stock.

AerCap Price Performance

NYSE AER opened at $94.34 on Friday. The company has a 50-day moving average price of $94.83 and a 200-day moving average price of $92.50. AerCap Holdings has a 52 week low of $63.20 and a 52 week high of $99.30. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $18.67 billion, a P/E ratio of 7.48, a PEG ratio of 2.23 and a beta of 1.83.

AerCap (NYSE:AER) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, hitting the consensus estimate of $2.41. AerCap had a net margin of 32.38% and a return on equity of 13.96%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm earned $2.81 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that AerCap Holdings will post 10.7 earnings per share for the current year.

AerCap Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, November 13th. AerCap’s dividend payout ratio is presently 7.92%.

Analysts Set New Price Targets

AER has been the subject of several analyst reports. Susquehanna raised their price target on shares of AerCap from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, August 2nd. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of AerCap in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of AerCap from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.83.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.