Northwestern Mutual Wealth Management Co. lifted its stake in Aetna Inc. (NYSE:AET) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,825 shares of the company’s stock after purchasing an additional 595 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Aetna were worth $1,339,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AET. ING Groep NV purchased a new position in Aetna in the first quarter valued at $3,453,000. State Treasurer State of Michigan boosted its holdings in Aetna by 0.7% in the first quarter. State Treasurer State of Michigan now owns 115,534 shares of the company’s stock valued at $14,736,000 after purchasing an additional 800 shares during the period. Tyers Asset Management LLC boosted its holdings in Aetna by 0.4% in the first quarter. Tyers Asset Management LLC now owns 31,824 shares of the company’s stock valued at $4,059,000 after purchasing an additional 112 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Aetna by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,031,486 shares of the company’s stock valued at $131,566,000 after purchasing an additional 12,813 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Aetna in the first quarter valued at $133,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

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Shares of Aetna Inc. (AET) opened at 163.505 on Tuesday. The firm has a market cap of $54.30 billion, a PE ratio of 36.294 and a beta of 0.53. The stock’s 50 day moving average price is $156.27 and its 200-day moving average price is $144.19. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $163.68.

Aetna (NYSE:AET) last issued its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $1.08. The business had revenue of $15.52 billion for the quarter, compared to analyst estimates of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.21 EPS. On average, equities research analysts anticipate that Aetna Inc. will post $9.54 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Argus reiterated a “buy” rating and issued a $165.00 target price (up from $145.00) on shares of Aetna in a report on Tuesday, May 30th. UBS AG reiterated a “buy” rating and issued a $160.00 target price (up from $147.00) on shares of Aetna in a report on Wednesday, May 17th. Credit Suisse Group reiterated a “buy” rating and issued a $155.00 target price on shares of Aetna in a report on Wednesday, May 17th. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Aetna from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $157.99.

Aetna Company Profile

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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