River Wealth Advisors LLC Buys 315 Shares of Aetna Inc. (AET)
River Wealth Advisors LLC grew its stake in shares of Aetna Inc. (NYSE:AET) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,037 shares of the company’s stock after purchasing an additional 315 shares during the quarter. River Wealth Advisors LLC’s holdings in Aetna were worth $1,119,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Financial Architects Inc lifted its stake in shares of Aetna by 1.8% during the second quarter. Financial Architects Inc now owns 1,746 shares of the company’s stock worth $265,000 after purchasing an additional 31 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Aetna by 1.4% during the second quarter. Wedbush Securities Inc. now owns 3,779 shares of the company’s stock worth $574,000 after purchasing an additional 52 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in shares of Aetna by 0.7% during the second quarter. Calamos Wealth Management LLC now owns 8,919 shares of the company’s stock worth $1,354,000 after purchasing an additional 65 shares in the last quarter. HM Payson & Co. lifted its stake in shares of Aetna by 0.5% during the first quarter. HM Payson & Co. now owns 12,861 shares of the company’s stock worth $1,641,000 after purchasing an additional 69 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in shares of Aetna by 2.6% during the second quarter. Sigma Planning Corp now owns 2,702 shares of the company’s stock worth $410,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.
A number of research analysts have commented on the company. Jefferies Group LLC restated a “hold” rating and set a $163.00 price objective (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Credit Suisse Group initiated coverage on Aetna in a research note on Thursday, November 2nd. They set a “neutral” rating and a $174.00 price objective on the stock. Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price target (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. upgraded Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Friday, November 3rd. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $170.34.
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Aetna Inc. (NYSE AET) traded down $2.10 during trading hours on Tuesday, hitting $173.02. The stock had a trading volume of 2,193,300 shares, compared to its average volume of 2,446,281. The company has a market capitalization of $57,106.63, a price-to-earnings ratio of 17.15, a PEG ratio of 1.60 and a beta of 0.61. Aetna Inc. has a 52 week low of $116.04 and a 52 week high of $184.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.07 earnings per share. sell-side analysts forecast that Aetna Inc. will post 9.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Wednesday, October 11th. Aetna’s dividend payout ratio (DPR) is presently 37.04%.
In other news, EVP Margaret M. Mccarthy sold 10,288 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at $5,465,734.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karen S. Lynch sold 15,271 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $161.91, for a total value of $2,472,527.61. Following the completion of the transaction, the president now directly owns 64,261 shares of the company’s stock, valued at $10,404,498.51. The disclosure for this sale can be found here. 1.14% of the stock is currently 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. 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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