Mutual of America Capital Management LLC Sells 3,116 Shares of Aetna Inc. (AET)
Mutual of America Capital Management LLC lowered its position in shares of Aetna Inc. (NYSE:AET) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,079 shares of the company’s stock after selling 3,116 shares during the period. Mutual of America Capital Management LLC’s holdings in Aetna were worth $8,059,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Aetna by 3,374.9% during the first quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock worth $3,917,344,000 after purchasing an additional 29,828,390 shares during the period. Vanguard Group Inc. increased its stake in shares of Aetna by 3.8% during the first quarter. Vanguard Group Inc. now owns 23,117,526 shares of the company’s stock worth $2,948,640,000 after purchasing an additional 838,578 shares during the period. FMR LLC increased its stake in shares of Aetna by 2.2% during the first quarter. FMR LLC now owns 7,903,233 shares of the company’s stock worth $1,008,059,000 after purchasing an additional 167,261 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Aetna by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 4,378,982 shares of the company’s stock worth $558,540,000 after purchasing an additional 165,278 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Aetna by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,962,514 shares of the company’s stock worth $505,399,000 after purchasing an additional 21,953 shares during the period. Institutional investors own 89.52% of the company’s stock.
Aetna Inc. (NYSE:AET) traded down 2.58% during midday trading on Tuesday, hitting $156.85. The company had a trading volume of 839,979 shares. The firm’s 50 day moving average is $157.45 and its 200-day moving average is $145.52. Aetna Inc. has a 52 week low of $104.59 and a 52 week high of $164.52. The firm has a market capitalization of $52.09 billion, a P/E ratio of 34.82 and a beta of 0.53.
Aetna (NYSE:AET) last posted its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $1.08. The company had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. Aetna’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 earnings per share. On average, equities research analysts expect that Aetna Inc. will post $9.55 EPS for the current fiscal year.
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A number of brokerages have recently weighed in on AET. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 target price (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $163.00 target price (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Argus reissued a “buy” rating and set a $185.00 price target (up previously from $165.00) on shares of Aetna in a research report on Tuesday, September 12th. Deutsche Bank AG increased their price target on Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada increased their price target on Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price 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.
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