Amalgamated Bank Has $5.65 Million Holdings in Aetna Inc. (AET)
Amalgamated Bank raised its holdings in Aetna Inc. (NYSE:AET) by 50.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,209 shares of the company’s stock after buying an additional 12,516 shares during the quarter. Amalgamated Bank’s holdings in Aetna were worth $5,649,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Guardian Life Insurance Co. of America increased its holdings in Aetna by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock valued at $173,000 after buying an additional 9 shares during the period. Concert Wealth Management Inc. increased its holdings in Aetna by 0.4% in the 1st quarter. Concert Wealth Management Inc. now owns 3,262 shares of the company’s stock valued at $405,000 after buying an additional 14 shares during the period. JNBA Financial Advisors increased its holdings in Aetna by 0.7% in the 1st quarter. JNBA Financial Advisors now owns 3,726 shares of the company’s stock valued at $475,000 after buying an additional 27 shares during the period. Financial Architects Inc increased its holdings in Aetna by 1.8% in the 2nd quarter. Financial Architects Inc now owns 1,746 shares of the company’s stock valued at $265,000 after buying an additional 31 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in Aetna by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 3,779 shares of the company’s stock valued at $574,000 after buying an additional 52 shares during the period. 89.58% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on AET shares. Citigroup Inc. started coverage on shares of Aetna in a report on Wednesday, June 28th. They issued a “buy” rating and a $180.00 price target on the stock. BidaskClub lowered shares of Aetna from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada boosted their price target on shares of Aetna from $147.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley boosted their price target on shares of Aetna from $172.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $159.04.
Shares of Aetna Inc. (NYSE AET) traded up 0.08% on Friday, reaching $162.91. 717,863 shares of the company traded hands. Aetna Inc. has a one year low of $104.59 and a one year high of $164.52. The company has a market capitalization of $54.10 billion, a P/E ratio of 36.16 and a beta of 0.53. The firm’s 50 day moving average is $157.04 and its 200 day moving average is $144.83.
Aetna (NYSE:AET) last released its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Aetna Inc. will post $9.55 earnings per share for the current fiscal year.
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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