UBS Asset Management Americas Inc. Grows Position in Aetna Inc. (AET)
UBS Asset Management Americas Inc. boosted its position in shares of Aetna Inc. (NYSE:AET) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,553,496 shares of the company’s stock after purchasing an additional 177,364 shares during the period. UBS Asset Management Americas Inc. owned 0.77% of Aetna worth $387,697,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC acquired a new stake in shares of Aetna in the second quarter worth about $106,000. Liberty Capital Management Inc. lifted its position in shares of Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after buying an additional 629 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position 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 worth $173,000 after buying an additional 9 shares during the last quarter. Deschutes Portfolio Strategy LLC acquired a new stake in shares of Aetna in the second quarter worth about $200,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Aetna in the first quarter worth about $202,000. 89.52% of the stock is owned by hedge funds and other institutional investors.
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A number of equities analysts have recently commented on AET shares. Citigroup Inc. started coverage on Aetna in a research note on Wednesday, June 28th. They issued a “buy” rating and a $180.00 price objective on the stock. BidaskClub lowered Aetna from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada lifted their price objective on Aetna from $147.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Morgan Stanley lifted their price objective on Aetna from $172.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Aetna currently has a consensus rating of “Buy” and a consensus target price of $159.04.
Aetna Inc. (NYSE AET) traded down 2.79% during mid-day trading on Tuesday, hitting $156.51. 1,404,645 shares of the company were exchanged. The company has a market capitalization of $51.98 billion, a P/E ratio of 34.74 and a beta of 0.53. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $164.52. The company’s 50-day moving average is $157.45 and its 200 day moving average is $145.52.
Aetna (NYSE:AET) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $1.08. The company had revenue of $15.52 billion for 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 was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. Analysts expect that Aetna Inc. will post $9.55 EPS for the current year.
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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