Eaton Vance Management grew its stake in shares of Aetna Inc (NYSE:AET) by 12.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,116,010 shares of the company’s stock after acquiring an additional 124,285 shares during the quarter. Eaton Vance Management owned about 0.34% of Aetna worth $201,317,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its position in shares of Aetna by 1.3% during the 4th quarter. OppenheimerFunds Inc. now owns 3,279,841 shares of the company’s stock valued at $591,650,000 after acquiring an additional 41,616 shares during the period. B. Riley Financial Inc. bought a new stake in shares of Aetna during the 4th quarter valued at $928,000. First Republic Investment Management Inc. lifted its position in shares of Aetna by 5.6% during the 4th quarter. First Republic Investment Management Inc. now owns 91,234 shares of the company’s stock valued at $16,459,000 after acquiring an additional 4,825 shares during the period. Dragon Financial & Investment Group LLC bought a new stake in shares of Aetna during the 4th quarter valued at $423,000. Finally, Baird Financial Group Inc. lifted its position in shares of Aetna by 125.1% during the 4th quarter. Baird Financial Group Inc. now owns 9,268 shares of the company’s stock valued at $1,672,000 after acquiring an additional 5,151 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.
Aetna Inc (NYSE AET) opened at $175.77 on Thursday. Aetna Inc has a fifty-two week low of $124.84 and a fifty-two week high of $194.40. The company has a current ratio of 1.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $58,205.57, a price-to-earnings ratio of 30.57, a PEG ratio of 1.44 and a beta of 0.60.
Aetna (NYSE:AET) last issued its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Aetna had a return on equity of 21.50% and a net margin of 3.15%. The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. research analysts expect that Aetna Inc will post 10.99 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.14%. Aetna’s payout ratio is presently 34.78%.
AET has been the subject of a number of recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $187.00 target price on shares of Aetna in a research report on Friday, November 3rd. Zacks Investment Research downgraded Aetna from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Credit Suisse Group upped their target price on Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Jefferies Group reiterated a “hold” rating and set a $205.00 target price on shares of Aetna in a research report on Wednesday, January 31st. Finally, Argus cut Aetna from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a report on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $189.50.
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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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