Belpointe Asset Management LLC grew its stake in Aetna Inc (NYSE:AET) by 38.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,775 shares of the company’s stock after purchasing an additional 490 shares during the quarter. Belpointe Asset Management LLC’s holdings in Aetna were worth $320,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of AET. Cetera Advisors LLC increased its position in shares of Aetna by 3.3% during the fourth quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock valued at $1,573,000 after acquiring an additional 279 shares during the last quarter. Hartford Investment Management Co. increased its position in shares of Aetna by 0.4% during the third quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock valued at $12,627,000 after acquiring an additional 291 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Aetna by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after acquiring an additional 298 shares during the last quarter. Violich Capital Management Inc. increased its position in shares of Aetna by 0.4% during the third quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock valued at $11,190,000 after acquiring an additional 299 shares during the last quarter. Finally, FCA Corp TX increased its position in shares of Aetna by 2.5% during the third quarter. FCA Corp TX now owns 12,530 shares of the company’s stock valued at $1,992,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 87.34% of the company’s stock.
A number of analysts recently commented on AET shares. ValuEngine raised Aetna from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. 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 report on Monday, January 22nd. Finally, Morgan Stanley downgraded Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price for the company. in a research report on Wednesday, December 20th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $189.50.
Shares of Aetna stock opened at $173.91 on Monday. The stock has a market capitalization of $56,858.66, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.40 and a beta of 0.65. Aetna Inc has a 52-week low of $124.84 and a 52-week high of $194.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65.
Aetna (NYSE:AET) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The company had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. Aetna had a return on equity of 21.50% and a net margin of 3.15%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. equities analysts predict that Aetna Inc will post 11.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is presently 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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