Brown Advisory Inc. lessened its stake in Aetna Inc (NYSE:AET) by 92.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,692 shares of the company’s stock after selling 160,856 shares during the period. Brown Advisory Inc.’s holdings in Aetna were worth $2,777,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Aetna by 3,076.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953 shares of the company’s stock worth $175,000 after acquiring an additional 923 shares during the period. Fiera Capital Corp purchased a new stake in Aetna in the second quarter worth about $217,000. Jennison Associates LLC lifted its stake in Aetna by 2.1% in the second quarter. Jennison Associates LLC now owns 243,407 shares of the company’s stock worth $44,665,000 after acquiring an additional 4,903 shares during the period. Sei Investments Co. lifted its stake in Aetna by 2.8% in the second quarter. Sei Investments Co. now owns 224,644 shares of the company’s stock worth $41,223,000 after acquiring an additional 6,163 shares during the period. Finally, FineMark National Bank & Trust purchased a new stake in Aetna in the second quarter worth about $219,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.
A number of research firms recently weighed in on AET. Cantor Fitzgerald lowered shares of Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price objective for the company. in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Thursday, October 4th. Credit Suisse Group boosted their target price on shares of Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Piper Jaffray Companies downgraded shares of Aetna from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Finally, Citigroup boosted their target price on shares of Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $207.33.
Shares of Aetna stock opened at $212.70 on Friday. The stock has a market capitalization of $69.64 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.82 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42. Aetna Inc has a one year low of $166.88 and a one year high of $213.36.
Aetna (NYSE:AET) last announced its 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 during the quarter, compared to the consensus estimate of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. On average, sell-side analysts anticipate that Aetna Inc will post 11.38 EPS for the current year.
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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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