Rhenman & Partners Asset Management AB purchased a new position in shares of Aetna Inc (NYSE:AET) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $12,845,000.
Other hedge funds have also recently bought and sold shares of the company. Gotham Asset Management LLC lifted its holdings in Aetna by 5.7% during the 4th quarter. Gotham Asset Management LLC now owns 46,880 shares of the company’s stock worth $8,457,000 after purchasing an additional 2,536 shares in the last quarter. Financial Advocates Investment Management purchased a new stake in Aetna during the 4th quarter worth about $207,000. OTA Financial Group L.P. purchased a new stake in Aetna during the 4th quarter worth about $4,204,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Aetna by 7.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 40,267 shares of the company’s stock worth $7,264,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in Aetna by 160.4% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 97,400 shares of the company’s stock worth $17,570,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors own 84.97% of the company’s stock.
A number of analysts recently issued reports on AET shares. Cantor Fitzgerald raised Aetna from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 1st. Zacks Investment Research raised Aetna from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Credit Suisse Group dropped their price objective on Aetna from $208.00 to $194.00 and set a “neutral” rating on the stock in a report on Monday, May 14th. Finally, ValuEngine cut Aetna from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $196.36.
Shares of NYSE:AET traded down $1.11 on Friday, hitting $188.93. The company’s stock had a trading volume of 26,459 shares, compared to its average volume of 1,674,466. Aetna Inc has a 1 year low of $149.69 and a 1 year high of $194.40. The stock has a market cap of $62.58 billion, a P/E ratio of 19.16, a PEG ratio of 1.62 and a beta of 0.64. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.47.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, May 1st. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.22. Aetna had a return on equity of 21.42% and a net margin of 5.76%. The firm had revenue of $15.34 billion for the quarter, compared to analysts’ expectations of $15.32 billion. During the same quarter last year, the firm posted $2.71 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. equities research analysts expect that Aetna Inc will post 11.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Wednesday, July 25th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, July 24th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Aetna’s payout ratio is currently 20.28%.
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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