Traders sold shares of Aetna Inc (NYSE:AET) on strength during trading hours on Friday. $73.99 million flowed into the stock on the tick-up and $116.49 million flowed out of the stock on the tick-down, for a money net flow of $42.50 million out of the stock. Of all stocks tracked, Aetna had the 14th highest net out-flow for the day. Aetna traded up $0.13 for the day and closed at $209.36
A number of research analysts have recently weighed in on AET shares. Zacks Investment Research lowered Aetna from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cantor Fitzgerald restated a “buy” rating and issued a $202.00 target price on shares of Aetna in a report on Thursday, August 2nd. Credit Suisse Group lifted their price target on Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Piper Jaffray Companies lowered Aetna from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Finally, Citigroup lifted their price target on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Aetna currently has an average rating of “Hold” and an average target price of $204.55.
The firm has a market capitalization of $67.79 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79.
Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 EPS for the quarter, topping the Zacks’ consensus estimate of $2.83 by $0.13. The business had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.40 billion. Aetna had a return on equity of 20.78% and a net margin of 5.99%. Aetna’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. Equities analysts expect that Aetna Inc will post 11.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. Aetna’s dividend payout ratio (DPR) is currently 20.28%.
A number of institutional investors have recently modified their holdings of the stock. Ontario Teachers Pension Plan Board raised its stake in shares of Aetna by 147.0% in the third quarter. Ontario Teachers Pension Plan Board now owns 33,363 shares of the company’s stock valued at $6,768,000 after buying an additional 19,858 shares during the period. CIBC World Markets Inc. raised its stake in shares of Aetna by 32.5% in the third quarter. CIBC World Markets Inc. now owns 82,164 shares of the company’s stock valued at $16,667,000 after buying an additional 20,170 shares during the period. FMR LLC raised its stake in shares of Aetna by 17.2% in the third quarter. FMR LLC now owns 9,063,094 shares of the company’s stock valued at $1,838,448,000 after buying an additional 1,328,607 shares during the period. Affinity Investment Advisors LLC raised its stake in shares of Aetna by 12.4% in the third quarter. Affinity Investment Advisors LLC now owns 71,849 shares of the company’s stock valued at $14,575,000 after buying an additional 7,952 shares during the period. Finally, Kellner Capital LLC raised its stake in shares of Aetna by 99.4% in the third quarter. Kellner Capital LLC now owns 127,200 shares of the company’s stock valued at $25,803,000 after buying an additional 63,400 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.
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About Aetna (NYSE:AET)
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.
Further Reading: Why is the ex-dividend date different from the record date?
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