CWA Asset Management Group LLC bought a new stake in shares of Aetna Inc. (NYSE:AET) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,911 shares of the company’s stock, valued at approximately $290,000.

Other institutional investors also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department lifted its position in shares of Aetna by 26.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 557,814 shares of the company’s stock valued at $84,692,000 after acquiring an additional 116,280 shares during the period. Pictet & Cie Europe SA acquired a new position in shares of Aetna during the 2nd quarter valued at $2,269,000. NBT Bank N A NY acquired a new position in shares of Aetna during the 2nd quarter valued at $215,000. Keybank National Association OH lifted its position in shares of Aetna by 1.2% during the 2nd quarter. Keybank National Association OH now owns 421,535 shares of the company’s stock valued at $64,001,000 after acquiring an additional 5,199 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Aetna by 31.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,641 shares of the company’s stock valued at $6,713,000 after acquiring an additional 12,648 shares during the period. Institutional investors own 89.58% of the company’s stock.

Aetna Inc. (NYSE:AET) traded up 0.089% during mid-day trading on Wednesday, hitting $162.975. 274,082 shares of the stock traded hands. The firm has a market cap of $54.12 billion, a P/E ratio of 36.176 and a beta of 0.53. The firm’s 50-day moving average is $156.47 and its 200 day moving average is $144.33. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $164.30.

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, topping the consensus estimate of $2.34 by $1.08. The firm had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. Aetna’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS. Equities analysts predict that Aetna Inc. will post $9.55 EPS for the current fiscal year.

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AET has been the topic of a number of research reports. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Argus reiterated a “buy” rating and set a $165.00 target price (up previously from $145.00) on shares of Aetna in a research report on Tuesday, May 30th. Cowen and Company set a $170.00 target price on shares of Aetna and gave the company a “buy” rating in a research report on Saturday, May 27th. Credit Suisse Group reiterated a “buy” rating and set a $155.00 target price on shares of Aetna in a research report on Wednesday, May 17th. Finally, UBS AG reiterated a “buy” rating and set a $160.00 target price (up previously from $147.00) on shares of Aetna in a research report on Wednesday, May 17th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Aetna currently has an average rating of “Buy” and an average price target of $159.04.

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.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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