BB&T Investment Services Inc. Purchases Shares of 1,618 Aetna Inc (AET)
BB&T Investment Services Inc. purchased a new position in shares of Aetna Inc (NYSE:AET) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,618 shares of the company’s stock, valued at approximately $245,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bruderman Asset Management LLC acquired a new position in Aetna during the 2nd quarter worth approximately $106,000. Liberty Capital Management Inc. grew its holdings in Aetna by 206.9% during the 2nd quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after acquiring an additional 629 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Aetna by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after acquiring an additional 9 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Aetna by 53.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after acquiring an additional 400 shares in the last quarter. Finally, Deschutes Portfolio Strategy LLC acquired a new position in Aetna during the 2nd quarter worth approximately $200,000. Institutional investors own 89.52% of the company’s stock.
In other Aetna news, EVP Margaret M. Mccarthy sold 10,288 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $162.85, for a total value of $1,675,400.80. Following the sale, the executive vice president now directly owns 33,563 shares in the company, valued at $5,465,734.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Karen S. Lynch sold 15,271 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $161.91, for a total value of $2,472,527.61. Following the completion of the sale, the president now owns 64,261 shares in the company, valued at $10,404,498.51. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
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Several research analysts have commented on the stock. Argus reiterated a “buy” rating and set a $185.00 price target (up previously from $165.00) on shares of Aetna in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Aetna from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada boosted their price objective on shares of Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Deutsche Bank AG boosted their price objective on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and set a $163.00 price objective (up previously from $157.00) on shares of Aetna in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $160.99.
Aetna Inc (NYSE AET) traded down 1.23% during mid-day trading on Friday, reaching $152.59. 796,665 shares of the company traded hands. The firm’s 50-day moving average is $158.32 and its 200 day moving average is $148.67. The stock has a market capitalization of $50.68 billion, a PE ratio of 33.87 and a beta of 0.53. Aetna Inc has a 52-week low of $104.59 and a 52-week high of $164.52.
Aetna (NYSE:AET) last posted its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $1.08. The company had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. Aetna had a return on equity of 32.53% and a net margin of 7.62%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $2.21 earnings per share. On average, equities research analysts expect that Aetna Inc will post $9.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, October 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, October 11th. Aetna’s payout ratio is 43.67%.
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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