Aetna Inc. (NYSE:AET)’s share price traded down 2.9% on Tuesday . The stock traded as low as $112.53 and last traded at $114.97, with a volume of 5,075,174 shares trading hands. The stock had previously closed at $118.36.

Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Morgan Stanley reissued a “buy” rating on shares of Aetna in a research report on Saturday, April 30th. Wells Fargo & Co. reissued a “buy” rating on shares of Aetna in a research report on Thursday, June 2nd. FBR & Co reissued a “hold” rating and set a $135.00 price target on shares of Aetna in a research report on Friday, April 29th. Finally, Cleveland Research assumed coverage on Aetna in a research report on Friday, April 8th. They set a “neutral” rating and a $120.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Aetna presently has a consensus rating of “Buy” and an average price target of $134.81.

The firm has a 50 day moving average of $119.35 and a 200 day moving average of $111.58. The company has a market cap of $40.37 billion and a PE ratio of 17.34.

Aetna (NYSE:AET) last announced its quarterly earnings results on Thursday, April 28th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.07. During the same period in the prior year, the firm earned $2.39 EPS. The company earned $15.69 billion during the quarter, compared to analyst estimates of $15.46 billion. Aetna’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Aetna Inc. will post $8.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, July 14th will be given a $0.25 dividend. The ex-dividend date is Tuesday, July 12th. This represents a $1.00 annualized dividend and a yield of 0.87%.

In other Aetna news, CEO Mark T. Bertolini sold 33,510 shares of Aetna stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $114.00, for a total value of $3,820,140.00. Following the completion of the transaction, the chief executive officer now owns 496,588 shares in the company, valued at approximately $56,611,032. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Margaret M. Mccarthy sold 39,169 shares of Aetna 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 completion of the transaction, the executive vice president now owns 56,240 shares of the company’s stock, valued at approximately $6,436,668. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Aetna by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 20,151,045 shares of the company’s stock valued at $2,178,732,000 after buying an additional 399,218 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Aetna by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,747,213 shares of the company’s stock valued at $188,909,000 after buying an additional 160,884 shares during the last quarter. Morgan Stanley increased its position in shares of 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 last quarter. BHF Kleinwort Benson Group S.A. increased its position in shares of Aetna by 28.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 306,739 shares of the company’s stock valued at $33,165,000 after buying an additional 68,617 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its position in shares of Aetna by 151.0% in the fourth quarter. I.G. Investment Management LTD. now owns 93,208 shares of the company’s stock valued at $10,078,000 after buying an additional 56,076 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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