Investors Sell Shares of Aetna Inc. (AET) on Strength (AET)
Investors sold shares of Aetna Inc. (NYSE:AET) on strength during trading 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 equities 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
A number of equities analysts recently weighed in on AET shares. Zacks Investment Research downgraded shares of Aetna from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Cleveland Research assumed coverage on shares of Aetna in a research note on Friday, April 8th. They issued a “neutral” rating and a $120.00 price target for the company. Sterne Agee CRT reaffirmed a “buy” rating on shares of Aetna in a research note on Monday, May 16th. Cowen and Company reaffirmed an “outperform” rating on shares of Aetna in a research note on Tuesday, April 5th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Aetna in a research note on Thursday, June 2nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Aetna has a consensus rating of “Buy” and a consensus price target of $134.25.
The firm’s 50-day moving average price is $118.33 and its 200-day moving average price is $111.19. The company has a market cap of $41.02 billion and a PE ratio of 17.62.
Aetna (NYSE:AET) last issued its quarterly earnings results on Thursday, April 28th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.07. During the same quarter in the previous year, the business earned $2.39 earnings per share. The business earned $15.69 billion during the quarter, compared to the consensus estimate of $15.46 billion. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Aetna Inc. will post $8.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, July 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%.
In related news, EVP Margaret M. Mccarthy sold 39,169 shares of the stock in a transaction dated 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 directly owns 56,240 shares in the company, valued at approximately $6,436,668. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark T. Bertolini sold 33,510 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 496,588 shares of the company’s stock, valued at $56,611,032. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have modified their holdings of AET. I.G. Investment Management LTD. raised 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. Alpine Woods Capital Investors LLC raised its stake in 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 in the last quarter. Zweig DiMenna Associates LLC raised its stake in Aetna by 1.6% in the fourth quarter. Zweig DiMenna Associates LLC now owns 96,500 shares of the company’s stock worth $10,434,000 after buying an additional 1,500 shares in the last quarter. Suntrust Banks Inc. raised its stake in Aetna by 37.5% in the fourth quarter. Suntrust Banks Inc. now owns 38,673 shares of the company’s stock worth $4,179,000 after buying an additional 10,556 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in Aetna by 3.4% in the fourth quarter. Advantus Capital Management Inc now owns 33,875 shares of the company’s stock worth $3,663,000 after buying an additional 1,121 shares in 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.