Daiwa Securities Group Inc. increased its stake in Aetna Inc. (NYSE:AET) by 326.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,580 shares of the company’s stock after buying an additional 38,706 shares during the period. Daiwa Securities Group Inc.’s holdings in Aetna were worth $7,679,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock valued at $173,000 after buying an additional 9 shares during the period. Concert Wealth Management Inc. increased its stake in shares of Aetna by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 3,262 shares of the company’s stock valued at $405,000 after buying an additional 14 shares during the period. CAPROCK Group Inc. increased its stake in shares of Aetna by 0.9% in the first quarter. CAPROCK Group Inc. now owns 2,824 shares of the company’s stock valued at $360,000 after buying an additional 25 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Aetna by 1.1% in the first quarter. Rehmann Capital Advisory Group now owns 2,335 shares of the company’s stock valued at $298,000 after buying an additional 25 shares during the period. Finally, Geneva Advisors LLC increased its stake in shares of Aetna by 1.0% in the first quarter. Geneva Advisors LLC now owns 2,588 shares of the company’s stock valued at $330,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 91.73% of the company’s stock.

Aetna (NYSE:AET) last released its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $1.08. The business had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. Aetna’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 EPS.

The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, July 11th. Aetna’s payout ratio is currently 43.67%.

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Several analysts have commented on the stock. UBS AG restated a “buy” rating and set a $160.00 target price (up from $147.00) on shares of Aetna in a report on Wednesday, May 17th. Argus restated a “buy” rating and set a $165.00 target price (up from $145.00) on shares of Aetna in a report on Tuesday, May 30th. Credit Suisse Group restated a “buy” rating and set a $155.00 target price on shares of Aetna in a report on Wednesday, May 17th. Cleveland Research upgraded shares of Aetna from a “neutral” rating to a “buy” rating in a report on Thursday, May 11th. Finally, ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $155.46.

In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the sale, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at approximately $5,008,606.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark T. Bertolini sold 103,547 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total value of $14,578,382.13. Following the completion of the sale, the chairman now directly owns 659,888 shares of the company’s stock, valued at $92,905,631.52. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.

About Aetna

Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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