Aetna Inc. (AET) Shares Bought by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc grew its position in Aetna Inc. (NYSE:AET) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,609 shares of the company’s stock after acquiring an additional 546 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Aetna were worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors increased its holdings in shares of Aetna by 8.9% in the 2nd quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock valued at $3,153,358,000 after acquiring an additional 1,688,767 shares during the last quarter. FMR LLC increased its holdings in shares of Aetna by 73.8% in the 2nd quarter. FMR LLC now owns 13,736,800 shares of the company’s stock valued at $2,085,659,000 after acquiring an additional 5,833,567 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Aetna by 9,446.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock valued at $657,255,000 after acquiring an additional 4,283,553 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Aetna by 7.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,553,496 shares of the company’s stock valued at $387,697,000 after acquiring an additional 177,364 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Aetna by 8.7% in the 2nd quarter. LSV Asset Management now owns 2,467,782 shares of the company’s stock valued at $374,683,000 after acquiring an additional 198,214 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
In other news, President Karen S. Lynch sold 15,271 shares of the company’s stock in a transaction 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 sale, the president now owns 64,261 shares in the company, valued at $10,404,498.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $162.85, for a total value of $1,675,400.80. Following the completion of the sale, the executive vice president now owns 33,563 shares of the company’s stock, valued at approximately $5,465,734.55. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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Shares of Aetna Inc. (NYSE AET) traded down $1.59 during trading on Friday, hitting $173.20. The stock had a trading volume of 1,750,000 shares, compared to its average volume of 2,650,000. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $55,980.00, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.61. Aetna Inc. has a twelve month low of $116.04 and a twelve month high of $184.98.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The business 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 company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 earnings per share. equities research analysts expect that Aetna Inc. will post 9.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. Aetna’s dividend payout ratio (DPR) is 36.97%.
A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald downgraded Aetna from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. BMO Capital Markets boosted their price target on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Raymond James Financial, Inc. upgraded Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and set a $187.00 price objective on shares of Aetna in a research note on Friday, November 3rd. Finally, Jefferies Group LLC upped their price objective on Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $172.36.
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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