Investors Sell Aetna Inc. (AET) on Strength (AET)
Traders sold shares of Aetna Inc. (NYSE:AET) on strength during trading on Wednesday. $49.36 million flowed into the stock on the tick-up and $73.77 million flowed out of the stock on the tick-down, for a money net flow of $24.41 million out of the stock. Of all companies tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $1.15 for the day and closed at $116.86
Several equities analysts have recently weighed in on the company. FBR & Co reissued a “hold” rating and set a $135.00 price target on shares of Aetna in a report on Thursday. Leerink Swann reissued a “buy” rating and set a $135.00 price target on shares of Aetna in a report on Thursday. Credit Suisse Group AG reissued a “hold” rating and set a $120.00 price target on shares of Aetna in a report on Wednesday. Wolfe Research cut Aetna from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research raised Aetna from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Tuesday, July 19th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.33.
The firm’s 50-day moving average price is $118.33 and its 200 day moving average price is $112.28. The stock has a market capitalization of $40.97 billion and a PE ratio of 17.60.
Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.12 by $0.09. The business earned $15.95 billion during the quarter, compared to analysts’ expectations of $15.69 billion. Aetna’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. Equities research analysts forecast that Aetna Inc. will post $8.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, July 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, July 12th.
In other Aetna news, EVP Margaret M. Mccarthy sold 39,169 shares of the company’s 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 of the company’s stock, valued at $6,436,668. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Other hedge funds and institutional investors have recently modified their holdings of the company. BlackRock Investment Management LLC increased its position in shares of Aetna by 8.7% in the fourth quarter. BlackRock Investment Management LLC now owns 2,457,584 shares of the company’s stock worth $265,714,000 after buying an additional 197,530 shares during the period. Atlantic Trust Group LLC increased its position in shares of Aetna by 1.3% in the fourth quarter. Atlantic Trust Group LLC now owns 1,108,657 shares of the company’s stock worth $119,869,000 after buying an additional 14,001 shares during the period. Affinity Investment Advisors LLC increased its position in shares of Aetna by 0.8% in the fourth quarter. Affinity Investment Advisors LLC now owns 167,992 shares of the company’s stock worth $18,163,000 after buying an additional 1,384 shares during the period. American International Group Inc. increased its position in shares of Aetna by 2.4% in the fourth quarter. American International Group Inc. now owns 139,624 shares of the company’s stock worth $15,095,000 after buying an additional 3,256 shares during the period. Finally, Zweig DiMenna Associates LLC increased its position in shares of 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 during the period.
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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