Aetna Inc. (NYSE:AET) Position Maintained by Pekin Singer Strauss Asset Management IL
Pekin Singer Strauss Asset Management IL maintained its stake in Aetna Inc. (NYSE:AET) during the second quarter, Holdings Channel reports. The firm owned 2,000 shares of the company’s stock at the end of the second quarter. Pekin Singer Strauss Asset Management IL’s holdings in Aetna were worth $304,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Liberty Capital Management Inc. raised its stake in Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock valued at $144,000 after buying an additional 629 shares in the last quarter. FTB Advisors Inc. raised its stake in Aetna by 11.0% in the first quarter. FTB Advisors Inc. now owns 977 shares of the company’s stock valued at $125,000 after buying an additional 97 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Aetna during the first quarter valued at approximately $133,000. Guardian Life Insurance Co. of America raised its stake in 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 in the last quarter. Finally, Wagner Bowman Management Corp acquired a new stake in Aetna during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 91.73% of the company’s stock.
Shares of Aetna Inc. (AET) opened at 152.15 on Friday. The company’s 50-day moving average is $154.26 and its 200-day moving average is $139.02. The firm has a market cap of $50.53 billion, a P/E ratio of 33.77 and a beta of 0.54. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $161.69.
Aetna (NYSE:AET) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $1.08. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same period last year, the company posted $2.21 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Aetna Inc. will post $9.52 earnings per share for the current fiscal year.
The company also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, July 11th. Aetna’s dividend payout ratio (DPR) is presently 43.67%.
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Several research firms recently commented on AET. UBS AG reiterated a “buy” rating and issued a $160.00 price objective (up from $147.00) on shares of Aetna in a research report on Wednesday, May 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 target price (up previously from $150.00) on shares of Aetna in a research note on Wednesday. Deutsche Bank AG boosted their target price on shares of Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada boosted their target price on shares of Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $163.00 target price (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $157.09.
In other news, EVP Margaret M. Mccarthy sold 27,028 shares of the firm’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Bertolini sold 103,547 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $92,905,631.52. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
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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