Investors Sell Aetna Inc. (AET) on Strength (AET)
Traders sold shares of Aetna Inc. (NYSE:AET) on strength during trading hours on Friday. $156.89 million flowed into the stock on the tick-up and $182.37 million flowed out of the stock on the tick-down, for a money net flow of $25.48 million out of the stock. Of all stocks tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $1.53 for the day and closed at $117.00
Several research analysts have issued reports on AET shares. Cowen and Company reaffirmed an “outperform” rating on shares of Aetna in a report on Tuesday, April 5th. Leerink Swann reaffirmed an “outperform” rating on shares of Aetna in a report on Tuesday, April 5th. Cleveland Research started coverage on Aetna in a report on Friday, April 8th. They issued a “neutral” rating and a $120.00 price target on the stock. Zacks Investment Research cut Aetna from a “hold” rating to a “sell” rating in a report on Monday, April 11th. Finally, Royal Bank Of Canada upped their price target on Aetna from $140.00 to $144.00 and gave the company an “outperform” rating in a report on Friday, April 29th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.25.
The stock has a market capitalization of $41.02 billion and a PE ratio of 17.62. The firm has a 50-day moving average price of $118.33 and a 200-day moving average price of $111.19.
Aetna (NYSE:AET) last posted its earnings results on Thursday, April 28th. The company reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.07. The firm earned $15.69 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Aetna Inc. will post $8.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, July 14th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 12th. This represents a $1.00 annualized dividend and a yield of 0.85%.
In other Aetna news, EVP Margaret M. Mccarthy sold 39,169 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $114.45, for a total value of $4,482,892.05. Following the sale, the executive vice president now directly owns 56,240 shares in the company, valued at $6,436,668. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark T. Bertolini sold 33,510 shares of the stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $114.00, for a total transaction of $3,820,140.00. Following the completion of the sale, the chief executive officer now owns 496,588 shares in the company, valued at $56,611,032. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of AET. Morgan Stanley raised its stake in Aetna by 13.9% in the fourth quarter. Morgan Stanley now owns 1,198,641 shares of the company’s stock valued at $129,597,000 after buying an additional 146,538 shares during the period. Standard Life Investments LTD raised its stake in shares of Aetna by 3.5% in the fourth quarter. Standard Life Investments LTD now owns 1,137,671 shares of the company’s stock worth $123,010,000 after buying an additional 38,157 shares during the last quarter. Deere & Co. raised its stake in shares of Aetna by 8.0% in the fourth quarter. Deere & Co. now owns 36,085 shares of the company’s stock worth $3,902,000 after buying an additional 2,678 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Aetna by 11.2% in the fourth quarter. Synovus Financial Corp now owns 9,862 shares of the company’s stock worth $1,065,000 after buying an additional 997 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in shares of Aetna by 76.5% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 10,500 shares of the company’s stock worth $1,135,000 after buying an additional 4,550 shares during the last quarter.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS).
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