Aetna Inc. (AET) Sets New 52-Week High at $163.11
Aetna Inc. (NYSE:AET) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $163.11 and last traded at $163.06, with a volume of 1,060,709 shares. The stock had previously closed at $160.25.
AET has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Aetna from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, May 16th. Royal Bank Of Canada increased their target price on shares of Aetna from $147.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. BidaskClub lowered shares of Aetna from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG increased their target price on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, UBS AG reiterated 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. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Aetna has an average rating of “Buy” and an average target price of $157.99.
The company has a market cap of $54.13 billion, a PE ratio of 36.179 and a beta of 0.53. The company’s 50-day moving average price is $156.07 and its 200-day moving average price is $143.71.
Aetna (NYSE:AET) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $1.08. The firm had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.21 earnings per share. On average, analysts predict that Aetna Inc. will post $9.54 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of AET. BlackRock Inc. raised its holdings in Aetna by 3,374.9% in the first quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock valued at $3,917,344,000 after acquiring an additional 29,828,390 shares in the last quarter. FMR LLC raised its holdings in Aetna by 73.8% in the second quarter. FMR LLC now owns 13,736,800 shares of the company’s stock valued at $2,085,659,000 after acquiring an additional 5,833,567 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Aetna by 9,446.2% in the second quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock valued at $657,255,000 after acquiring an additional 4,283,553 shares in the last quarter. Capital World Investors raised its holdings in Aetna by 8.9% in the second quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock valued at $3,153,358,000 after acquiring an additional 1,688,767 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Aetna by 3.8% in the first quarter. Vanguard Group Inc. now owns 23,117,526 shares of the company’s stock valued at $2,948,640,000 after acquiring an additional 838,578 shares in the last quarter. 89.58% of the stock is currently owned by hedge funds and other institutional investors.
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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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