Creative Planning increased its stake in Aetna Inc (NYSE:AET) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,748 shares of the company’s stock after purchasing an additional 1,666 shares during the period. Creative Planning’s holdings in Aetna were worth $3,562,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Aetna in the second quarter valued at about $350,000. D.A. Davidson & CO. grew its position in Aetna by 3.2% in the second quarter. D.A. Davidson & CO. now owns 7,341 shares of the company’s stock valued at $1,114,000 after acquiring an additional 225 shares during the last quarter. FIL Ltd bought a new position in Aetna in the second quarter valued at about $8,646,000. Dodge & Cox bought a new position in Aetna in the second quarter valued at about $213,000. Finally, Cibc World Markets Corp grew its position in Aetna by 2.8% in the second quarter. Cibc World Markets Corp now owns 119,872 shares of the company’s stock valued at $18,200,000 after acquiring an additional 3,284 shares during the last quarter. Institutional investors own 87.88% of the company’s stock.
Shares of Aetna Inc (NYSE:AET) opened at $187.80 on Monday. The firm has a market capitalization of $61,255.16, a PE ratio of 34.78, a PEG ratio of 1.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. Aetna Inc has a twelve month low of $116.04 and a twelve month high of $192.37.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 earnings per share. research analysts anticipate that Aetna Inc will post 9.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is currently 37.04%.
AET has been the topic of a number of recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $187.00 target price on shares of Aetna in a research report on Friday, November 3rd. Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus cut Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research report on Wednesday, December 6th. BMO Capital Markets lifted their target price on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Finally, Cantor Fitzgerald cut Aetna from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and a consensus target price of $172.64.
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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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