Kemnay Advisory Services Inc. acquired a new position in Aetna Inc (NYSE:AET) in the third quarter, HoldingsChannel reports. The institutional investor acquired 8,207 shares of the company’s stock, valued at approximately $1,665,000.

Other hedge funds have also modified their holdings of the company. Palo Capital Inc. bought a new position in Aetna in the 3rd quarter worth approximately $122,000. Honkamp Krueger Financial Services Inc. bought a new position in Aetna in the 3rd quarter worth approximately $122,000. CSat Investment Advisory L.P. bought a new position in Aetna in the 2nd quarter worth approximately $162,000. Mainstay Capital Management LLC ADV grew its holdings in Aetna by 1,696.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock worth $162,000 after buying an additional 10,585 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in Aetna by 252.0% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the company’s stock worth $163,000 after buying an additional 635 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AET opened at $212.70 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $69.64 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.82 and a beta of 0.71. Aetna Inc has a 1 year low of $166.88 and a 1 year high of $213.36.

Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.13. The firm had revenue of $15.48 billion during the quarter, compared to analyst estimates of $15.40 billion. Aetna had a return on equity of 20.78% and a net margin of 5.99%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $2.45 EPS. Equities research analysts forecast that Aetna Inc will post 11.38 earnings per share for the current year.

AET has been the subject of a number of recent analyst reports. Zacks Investment Research reissued a “buy” rating and issued a $224.00 price objective on shares of Aetna in a report on Monday, November 12th. Cantor Fitzgerald reissued a “hold” rating and issued a $204.00 price objective on shares of Aetna in a report on Tuesday, October 30th. Credit Suisse Group decreased their price objective on Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Citigroup increased their price objective on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies lowered Aetna from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $205.10.

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Aetna Profile

Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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