Shepherd Kaplan Krochuk LLC purchased a new position in shares of Aetna Inc (NYSE:AET) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,195 shares of the company’s stock, valued at approximately $242,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AET. Palo Capital Inc. purchased a new position in shares of Aetna during the 3rd quarter worth $122,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Aetna during the 3rd quarter worth $122,000. CSat Investment Advisory L.P. purchased a new position in shares of Aetna during the 2nd quarter worth $162,000. Mainstay Capital Management LLC ADV grew its holdings in shares of Aetna by 1,696.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock worth $162,000 after purchasing an additional 10,585 shares during the period. Finally, Sun Life Financial INC grew its holdings in shares of Aetna by 252.0% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the company’s stock worth $163,000 after purchasing an additional 635 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.
AET traded up $0.70 during mid-day trading on Friday, hitting $212.70. 11,862,705 shares of the stock were exchanged, compared to its average volume of 3,688,920. Aetna Inc has a 1-year low of $166.88 and a 1-year 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. The firm has a market cap of $69.64 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.82 and a beta of 0.71.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.13. Aetna had a return on equity of 20.78% and a net margin of 5.99%. The firm had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.40 billion. During the same quarter in the prior year, the company earned $2.45 EPS. Aetna’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Aetna Inc will post 11.38 earnings per share for the current year.
A number of equities analysts have recently weighed in on AET shares. Zacks Investment Research reiterated a “buy” rating and set a $224.00 price target on shares of Aetna in a report on Monday, November 12th. Cantor Fitzgerald reiterated a “hold” rating and set a $204.00 price target on shares of Aetna in a report on Tuesday, October 30th. Credit Suisse Group lowered their price target on Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Citigroup increased their target price on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies lowered Aetna from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $212.00 to $206.00 in a research note 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. The company presently has an average rating of “Hold” and a consensus price target of $207.33.
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Aetna Company 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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