Lido Advisors LLC Acquires 996 Shares of Aetna Inc (AET)

Lido Advisors LLC raised its holdings in shares of Aetna Inc (NYSE:AET) by 21.9% during the third quarter, Holdings Channel reports. The fund owned 5,551 shares of the company’s stock after buying an additional 996 shares during the period. Lido Advisors LLC’s holdings in Aetna were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Havens Advisors LLC grew its holdings in shares of Aetna by 32.1% in the third quarter. Havens Advisors LLC now owns 50,200 shares of the company’s stock worth $10,183,000 after purchasing an additional 12,200 shares during the last quarter. Twin Capital Management Inc. grew its holdings in shares of Aetna by 3.0% in the third quarter. Twin Capital Management Inc. now owns 81,890 shares of the company’s stock worth $16,611,000 after purchasing an additional 2,350 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Aetna by 31.7% in the second quarter. Wolverine Asset Management LLC now owns 47,351 shares of the company’s stock worth $8,688,000 after purchasing an additional 11,408 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Aetna in the third quarter worth approximately $341,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Aetna by 712.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,584 shares of the company’s stock worth $2,147,000 after purchasing an additional 9,281 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

AET has been the topic of several recent analyst reports. Zacks Investment Research restated a “buy” rating and issued a $224.00 target price on shares of Aetna in a report on Monday, November 12th. Cantor Fitzgerald reiterated a “hold” rating and issued a $204.00 price target on shares of Aetna in a report on Tuesday, October 30th. Credit Suisse Group cut their price target on shares of Aetna from $207.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Citigroup lifted their price target on shares of Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies cut shares of Aetna from an “overweight” rating to a “neutral” rating and cut their price target for the company from $212.00 to $206.00 in a report on Tuesday, October 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Aetna presently has a consensus rating of “Hold” and a consensus price target of $207.33.

NYSE:AET opened at $212.70 on Friday. The firm has a market capitalization of $69.64 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.82 and a beta of 0.71. Aetna Inc has a twelve month low of $166.88 and a twelve month high of $213.36. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.13. The business had revenue of $15.48 billion for the quarter, compared to analysts’ expectations of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. As a group, analysts predict that Aetna Inc will post 11.38 earnings per share for the current fiscal year.

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Aetna Profile

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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