Brokerages Set Aetna Inc. (NYSE:AET) PT at $131.20
Aetna Inc. (NYSE:AET) has received a consensus recommendation of “Buy” from the nineteen research firms that are covering the firm. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $131.20.
Several research analysts have weighed in on AET shares. Credit Suisse Group AG reiterated a “hold” rating and issued a $120.00 price target on shares of Aetna in a report on Tuesday, August 30th. Leerink Swann reiterated an “outperform” rating on shares of Aetna in a report on Wednesday, August 24th. Evercore ISI started coverage on Aetna in a report on Thursday, September 22nd. They issued a “buy” rating and a $128.00 price target for the company. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Tuesday. Finally, Jefferies Group reiterated a “hold” rating on shares of Aetna in a report on Tuesday, August 23rd.
In related news, Director Jeffrey E. Garten sold 7,100 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $116.51, for a total transaction of $827,221.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn M. Guertin sold 45,328 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $120.21, for a total transaction of $5,448,878.88. Following the sale, the insider now directly owns 44,883 shares of the company’s stock, valued at $5,395,385.43. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Aetna by 111.5% in the first quarter. Renaissance Technologies LLC now owns 412,190 shares of the company’s stock worth $46,310,000 after buying an additional 217,300 shares in the last quarter. PGGM Investments raised its position in shares of Aetna by 54.7% in the second quarter. PGGM Investments now owns 794,893 shares of the company’s stock worth $97,080,000 after buying an additional 280,978 shares in the last quarter. Bridger Management LLC purchased a new position in shares of Aetna during the first quarter worth approximately $62,926,000. Panagora Asset Management Inc. raised its position in shares of Aetna by 10.2% in the first quarter. Panagora Asset Management Inc. now owns 1,212,479 shares of the company’s stock worth $136,222,000 after buying an additional 112,572 shares in the last quarter. Finally, Samlyn Capital LLC raised its position in shares of Aetna by 12.9% in the first quarter. Samlyn Capital LLC now owns 950,363 shares of the company’s stock worth $106,773,000 after buying an additional 108,650 shares in the last quarter. 91.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Aetna (NYSE:AET) opened at 113.72 on Wednesday. The stock has a 50 day moving average price of $116.09 and a 200 day moving average price of $115.79. Aetna has a 52 week low of $92.42 and a 52 week high of $123.57. The firm has a market capitalization of $39.89 billion, a PE ratio of 16.66 and a beta of 0.54.
Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.09. The company earned $15.95 billion during the quarter, compared to the consensus estimate of $15.69 billion. Aetna had a return on equity of 16.44% and a net margin of 3.89%. Aetna’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 EPS. Equities analysts forecast that Aetna will post $8.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 13th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. Aetna’s dividend payout ratio (DPR) is 14.73%.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS).
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