National Pension Service Acquires 18,692 Shares of Aetna Inc. (AET)
National Pension Service raised its position in Aetna Inc. (NYSE:AET) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,187 shares of the company’s stock after buying an additional 18,692 shares during the period. National Pension Service owned about 0.07% of Aetna worth $27,614,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of AET. Alliancebernstein L.P. increased its stake in Aetna by 16.3% in the second quarter. Alliancebernstein L.P. now owns 5,839,197 shares of the company’s stock worth $713,141,000 after buying an additional 818,913 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Aetna during the second quarter valued at approximately $74,955,000. Brown Advisory Inc. increased its stake in shares of Aetna by 6,277.0% in the second quarter. Brown Advisory Inc. now owns 612,515 shares of the company’s stock valued at $74,807,000 after buying an additional 602,910 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Aetna by 36.6% in the second quarter. Ameriprise Financial Inc. now owns 1,837,094 shares of the company’s stock valued at $224,308,000 after buying an additional 492,192 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Aetna by 2.3% in the second quarter. Vanguard Group Inc. now owns 21,250,853 shares of the company’s stock valued at $2,595,367,000 after buying an additional 479,628 shares in the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Shares of Aetna Inc. (NYSE:AET) traded up 2.17% during trading on Tuesday, hitting $131.18. The company had a trading volume of 537,239 shares. The stock has a 50-day moving average of $115.34 and a 200 day moving average of $116.60. Aetna Inc. has a 12-month low of $92.42 and a 12-month high of $131.39. The stock has a market capitalization of $46.03 billion, a price-to-earnings ratio of 18.92 and a beta of 0.54.
Aetna (NYSE:AET) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.05. The business had revenue of $15.78 billion for the quarter, compared to analyst estimates of $15.71 billion. Aetna had a return on equity of 16.25% and a net margin of 3.91%. Aetna’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. On average, analysts predict that Aetna Inc. will post $8.02 EPS for the current fiscal year.
Several brokerages have recently commented on AET. Zacks Investment Research upgraded shares of Aetna from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Sanford C. Bernstein downgraded shares of Aetna from an “outperform” rating to a “market perform” rating and set a $132.00 target price on the stock. in a research note on Monday, November 14th. Credit Suisse Group AG upgraded shares of Aetna from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $120.00 to $125.00 in a research note on Friday, November 11th. Barclays PLC restated a “buy” rating and issued a $142.00 target price on shares of Aetna in a research note on Monday, November 7th. Finally, Evercore ISI began coverage on shares of Aetna in a research note on Thursday, September 22nd. They issued a “buy” rating and a $128.00 target price on the stock. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $132.14.
In other news, Director Jeffrey E. Garten sold 7,100 shares of Aetna stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $116.51, for a total transaction of $827,221.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.
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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