Buckingham Capital Management Inc. Has $2.29 Million Holdings in Aetna Inc. (AET)
Buckingham Capital Management Inc. lessened its stake in Aetna Inc. (NYSE:AET) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,109 shares of the company’s stock after selling 626 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Aetna were worth $2,294,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC boosted its holdings in Aetna by 6.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,634,039 shares of the company’s stock worth $248,096,000 after acquiring an additional 106,165 shares during the period. Roosevelt Investment Group Inc. boosted its stake in shares of Aetna by 8.0% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 1,968 shares of the company’s stock valued at $299,000 after buying an additional 146 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Aetna during the 2nd quarter valued at approximately $290,000. Seven Eight Capital LP bought a new position in Aetna during the second quarter worth $1,030,000. Finally, Stephens Inc. AR lifted its stake in Aetna by 5.6% during the second quarter. Stephens Inc. AR now owns 7,996 shares of the company’s stock worth $1,214,000 after purchasing an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.
Shares of Aetna Inc. (NYSE:AET) traded down 0.37% on Tuesday, reaching $162.60. The company’s stock had a trading volume of 1,012,352 shares. The company’s 50 day moving average is $156.27 and its 200-day moving average is $144.19. The firm has a market cap of $54.00 billion, a price-to-earnings ratio of 36.09 and a beta of 0.53. Aetna Inc. has a 1-year low of $104.59 and a 1-year high of $164.52.
Aetna (NYSE:AET) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating the consensus estimate of $2.34 by $1.08. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm had revenue of $15.52 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the prior year, the firm posted $2.21 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts expect that Aetna Inc. will post $9.54 EPS for the current year.
Several equities analysts recently issued reports on AET shares. Barclays PLC restated an “overweight” rating and set a $162.00 price objective on shares of Aetna in a research note on Monday, May 15th. Stifel Nicolaus increased their target price on Aetna from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Bank of America Corporation reissued a “buy” rating and set a $168.00 price target (up from $160.00) on shares of Aetna in a report on Wednesday, May 17th. UBS AG reissued a “buy” rating and set a $160.00 price target (up from $147.00) on shares of Aetna in a report on Wednesday, May 17th. Finally, Credit Suisse Group reissued a “buy” rating and set a $155.00 price target on shares of Aetna in a report 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $159.04.
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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