Exxonmobil Investment Management Inc. TX trimmed its stake in shares of Aetna Inc (NYSE:AET) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,851 shares of the company’s stock after selling 8,722 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Aetna were worth $9,353,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Prudential Financial Inc. raised its holdings in shares of Aetna by 3.6% during the third quarter. Prudential Financial Inc. now owns 1,089,269 shares of the company’s stock worth $173,205,000 after purchasing an additional 38,223 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Aetna by 3.3% during the third quarter. Parametric Portfolio Associates LLC now owns 1,124,251 shares of the company’s stock worth $178,767,000 after purchasing an additional 36,129 shares during the period. AXA raised its holdings in shares of Aetna by 16.6% during the third quarter. AXA now owns 274,863 shares of the company’s stock worth $43,706,000 after purchasing an additional 39,125 shares during the period. Wagner Bowman Management Corp raised its holdings in shares of Aetna by 44.4% during the third quarter. Wagner Bowman Management Corp now owns 1,954 shares of the company’s stock worth $310,000 after purchasing an additional 601 shares during the period. Finally, Shelton Capital Management raised its holdings in shares of Aetna by 326.3% during the third quarter. Shelton Capital Management now owns 20,568 shares of the company’s stock worth $3,271,000 after purchasing an additional 15,743 shares during the period. Hedge funds and other institutional investors own 87.85% of the company’s stock.
AET has been the topic of a number of analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $187.00 price objective on shares of Aetna in a report on Friday, November 3rd. Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Credit Suisse Group raised their target price on shares of Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Group reissued a “hold” rating and set a $205.00 target price on shares of Aetna in a research note on Wednesday. Finally, Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research note on Wednesday, December 6th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Aetna currently has a consensus rating of “Buy” and a consensus target price of $185.94.
Aetna Inc (AET) traded down $1.07 during trading hours on Wednesday, hitting $186.82. 3,425,768 shares of the stock traded hands, compared to its average volume of 2,670,000. Aetna Inc has a one year low of $116.37 and a one year high of $194.40. 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 company has a market cap of $60,920.00, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The company had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. equities analysts forecast that Aetna Inc will post 9.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, January 10th. Aetna’s payout ratio is 34.78%.
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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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