Aetna Inc. (AET) Shares Sold by Accident Compensation Corp
Accident Compensation Corp decreased its holdings in Aetna Inc. (NYSE:AET) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,600 shares of the company’s stock after selling 1,100 shares during the quarter. Accident Compensation Corp’s holdings in Aetna were worth $1,526,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of AET. Bruderman Asset Management LLC acquired a new stake in Aetna in the second quarter valued at approximately $106,000. Lloyds Banking Group plc acquired a new stake in Aetna in the third quarter valued at approximately $106,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Aetna in the third quarter valued at approximately $116,000. Westside Investment Management Inc. raised its holdings in Aetna by 53.5% during the second quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after purchasing an additional 400 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Aetna during the second quarter worth approximately $182,000. 88.03% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on AET. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 price objective on shares of Aetna in a report on Monday, October 23rd. Citigroup raised their price objective on shares of Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets raised their price objective on shares of Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Aetna from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Argus restated a “buy” rating and set a $185.00 target price (up from $165.00) on shares of Aetna in a research report on Tuesday, September 12th. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Aetna currently has a consensus rating of “Buy” and an average price target of $174.14.
Aetna (NYSE:AET) last issued its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. sell-side analysts predict that Aetna Inc. will post 9.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. Aetna’s payout ratio is currently 37.04%.
In other news, EVP Margaret M. Mccarthy sold 10,288 shares of Aetna stock in a transaction 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 owns 33,563 shares of the company’s stock, valued at approximately $5,465,734.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Karen S. Lynch sold 15,271 shares of Aetna 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 transaction, the president now directly owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
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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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