State Board of Administration of Florida Retirement System Purchases 2,439 Shares of Aetna Inc. (AET)
State Board of Administration of Florida Retirement System boosted its position in Aetna Inc. (NYSE:AET) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,950 shares of the company’s stock after buying an additional 2,439 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Aetna worth $78,033,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in AET. FTB Advisors Inc. increased its stake in Aetna by 11.0% in the first quarter. FTB Advisors Inc. now owns 977 shares of the company’s stock worth $125,000 after buying an additional 97 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Aetna during the first quarter worth approximately $133,000. Liberty Capital Management Inc. boosted its position in shares of Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after buying an additional 629 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after buying an additional 9 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Aetna during the first quarter worth approximately $195,000. Institutional investors own 91.69% of the company’s stock.
Shares of Aetna Inc. (NYSE AET) opened at 154.45 on Monday. The company’s 50 day moving average price is $154.81 and its 200 day moving average price is $140.38. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $161.69. The stock has a market cap of $51.29 billion, a PE ratio of 34.28 and a beta of 0.54.
Aetna (NYSE:AET) last announced its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $1.08. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The business had revenue of $15.52 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the prior year, the firm earned $2.21 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Aetna Inc. will post $9.55 earnings per share for the current year.
Several equities analysts have recently issued reports on AET shares. Stifel Nicolaus reissued a “buy” rating and set a $150.00 target price (up from $130.00) on shares of Aetna in a research note on Wednesday, May 3rd. Royal Bank Of Canada boosted their target price on Aetna from $147.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, June 9th. BidaskClub cut Aetna from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG boosted their target price on Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Finally, UBS AG reissued a “buy” rating and set a $160.00 target price (up from $147.00) on shares of Aetna in a research note on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $157.99.
In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the sale, the executive vice president now owns 33,563 shares in the company, valued at $5,008,606.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.14% of the stock is owned by company insiders.
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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