Investors Sell Aetna (AET) on Strength (AET)
Traders sold shares of Aetna Inc (NYSE:AET) on strength during trading on Monday. $160.15 million flowed into the stock on the tick-up and $297.33 million flowed out of the stock on the tick-down, for a money net flow of $137.18 million out of the stock. Of all companies tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $0.99 for the day and closed at $177.38
Several research firms have issued reports on AET. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 target price on shares of Aetna in a research note on Monday, October 23rd. Citigroup raised their target price on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets raised their target price on Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Deutsche Bank raised Aetna from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $212.00 in a research note on Monday, January 22nd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $187.00 target price on shares of Aetna in a research note on Friday, November 3rd. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $185.94.
The stock has a market cap of $57,993.06, a PE ratio of 31.05, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a quick ratio of 0.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.52.
The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. Aetna’s dividend payout ratio is currently 34.78%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in Aetna by 16.2% in the second quarter. Advisory Services Network LLC now owns 1,780 shares of the company’s stock valued at $270,000 after purchasing an additional 248 shares during the period. Cetera Advisors LLC boosted its holdings in Aetna by 3.3% in the fourth quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock valued at $1,573,000 after purchasing an additional 279 shares during the period. Hartford Investment Management Co. boosted its holdings in Aetna by 0.4% in the third quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock valued at $12,627,000 after purchasing an additional 291 shares during the period. Essex Financial Services Inc. boosted its holdings in Aetna by 2.2% in the fourth quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after purchasing an additional 298 shares during the period. Finally, Violich Capital Management Inc. boosted its holdings in Aetna by 0.4% in the third quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock valued at $11,190,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.
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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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