Traders Sell Aetna (AET) on Strength (AET)

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.

TRADEMARK VIOLATION WARNING: “Traders Sell Aetna (AET) on Strength (AET)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/11/09/traders-sell-aetna-aet-on-strength-aet.html.

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?

Receive News & Ratings for Aetna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aetna and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply