New Mexico Educational Retirement Board lowered its position in Aetna Inc. (NYSE:AET) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,800 shares of the company’s stock after selling 4,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Aetna were worth $4,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AET. Highland Capital Management LLC increased its position in Aetna by 5.3% in the first quarter. Highland Capital Management LLC now owns 41,936 shares of the company’s stock worth $5,349,000 after buying an additional 2,106 shares during the period. Adirondack Trust Co. increased its position in Aetna by 5.7% in the first quarter. Adirondack Trust Co. now owns 2,398 shares of the company’s stock worth $306,000 after buying an additional 130 shares during the period. TNB Financial purchased a new position in Aetna during the first quarter worth $584,000. Horan Capital Management purchased a new position in Aetna during the first quarter worth $157,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in Aetna during the first quarter worth $1,797,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.

Aetna Inc. (AET) opened at 152.42 on Friday. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $161.69. The company has a market capitalization of $50.62 billion, a PE ratio of 33.83 and a beta of 0.54. The stock’s 50 day moving average price is $154.28 and its 200 day moving average price is $138.79.

Aetna (NYSE:AET) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $1.08. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The business had revenue of $15.52 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Aetna Inc. will post $9.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, July 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Aetna’s payout ratio is currently 43.67%.

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Several analysts recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and issued a $133.00 price target on shares of Aetna in a research note on Thursday, April 13th. Royal Bank Of Canada restated a “buy” rating and issued a $145.00 price target on shares of Aetna in a research note on Monday, April 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price target (up previously from $140.00) on shares of Aetna in a research note on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price target (up previously from $130.00) on shares of Aetna in a research note on Wednesday, May 3rd. Finally, Cleveland Research upgraded Aetna from a “neutral” rating to a “buy” rating in a research note on Thursday, May 11th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and a consensus target price of $157.09.

In other news, EVP Margaret M. Mccarthy sold 27,028 shares of Aetna stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the completion of the sale, the executive vice president now directly owns 33,563 shares in the company, valued at $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 Aetna stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $140.79, for a total transaction of $14,578,382.13. Following the sale, the chairman now owns 659,888 shares of the company’s stock, valued at $92,905,631.52. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Aetna Company Profile

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.

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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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