Teacher Retirement System of Texas Raises Position in Aetna Inc. (AET)
Teacher Retirement System of Texas increased its stake in shares of Aetna Inc. (NYSE:AET) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,144 shares of the company’s stock after buying an additional 28,947 shares during the period. Teacher Retirement System of Texas’ holdings in Aetna were worth $44,204,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America raised 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. raised 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. raised 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 raised 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 raised 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. 91.73% of the stock is currently owned by institutional investors.
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 company has a market capitalization of $50.53 billion, a price-to-earnings ratio of 33.77 and a beta of 0.54. The stock has a 50 day moving average of $154.26 and a 200-day moving average of $139.02.
Aetna (NYSE:AET) last issued its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter last year, the business earned $2.21 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Analysts forecast that Aetna Inc. will post $9.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, July 11th. Aetna’s dividend payout ratio (DPR) is currently 43.67%.
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Several equities research analysts recently issued reports on the stock. UBS AG reaffirmed a “buy” rating and set a $160.00 price target (up from $147.00) on shares of Aetna in a report on Wednesday, May 17th. Argus reaffirmed a “buy” rating and set a $165.00 price target (up from $145.00) on shares of Aetna in a report on Tuesday, May 30th. Credit Suisse Group reaffirmed a “buy” rating and set a $155.00 price target on shares of Aetna in a report on Wednesday, May 17th. Cleveland Research raised shares of Aetna from a “neutral” rating to a “buy” rating in a report on Thursday, May 11th. Finally, ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Aetna presently 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 Aetna stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the sale, the executive vice president now owns 33,563 shares in the company, valued at $5,008,606.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark T. Bertolini sold 103,547 shares of Aetna stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total transaction of $14,578,382.13. Following the completion of the sale, the chairman now owns 659,888 shares in the company, valued at approximately $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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