HL Financial Services LLC Has $811,000 Position in Aetna Inc. (AET)
HL Financial Services LLC increased its position in shares of Aetna Inc. (NYSE:AET) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,343 shares of the company’s stock after buying an additional 103 shares during the period. HL Financial Services LLC’s holdings in Aetna were worth $811,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Partners LLC raised its position in Aetna by 27.8% in the second quarter. Advisor Partners LLC now owns 9,584 shares of the company’s stock worth $1,455,000 after buying an additional 2,086 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in Aetna by 8.3% in the second quarter. Palisade Capital Management LLC NJ now owns 30,772 shares of the company’s stock worth $4,672,000 after buying an additional 2,354 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Aetna during the second quarter worth about $276,000. Telemus Capital LLC raised its position in Aetna by 7.8% in the second quarter. Telemus Capital LLC now owns 8,344 shares of the company’s stock worth $1,267,000 after buying an additional 605 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in Aetna by 9.6% in the second quarter. Stratos Wealth Partners LTD. now owns 10,571 shares of the company’s stock worth $1,605,000 after buying an additional 929 shares in the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.
Shares of Aetna Inc. (NYSE:AET) opened at 152.15 on Friday. Aetna Inc. has a 1-year low of $104.59 and a 1-year high of $161.69. The stock has a 50 day moving average price of $154.26 and a 200-day moving average price of $139.02. The company has a market cap of $50.53 billion, a P/E ratio of 33.77 and a beta of 0.54.
Aetna (NYSE:AET) last issued 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. The business had revenue of $15.52 billion for the quarter, compared to the consensus estimate of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 EPS. Analysts predict that Aetna Inc. will post $9.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, July 11th. Aetna’s payout ratio is presently 43.67%.
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A number of research analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price objective (up previously from $150.00) on shares of Aetna in a research report on Wednesday. Deutsche Bank AG boosted their price objective on Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and set a $163.00 price objective (up previously from $157.00) on shares of Aetna in a research report on Friday, August 4th. Royal Bank Of Canada lifted their target price on Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded Aetna from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and a consensus target price of $157.09.
In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the sale, the executive vice president now owns 33,563 shares of the company’s stock, valued at approximately $5,008,606.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark T. Bertolini sold 103,547 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $140.79, for a total value of $14,578,382.13. Following the sale, the chairman now directly owns 659,888 shares in the company, valued at approximately $92,905,631.52. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
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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