Aetna Inc. (AET) Earns Market Perform Rating from Analysts at BMO Capital Markets
A number of other analysts have also recently weighed in on AET. Citigroup Inc. initiated coverage on shares of Aetna in a research note on Wednesday, June 28th. They set a buy rating and a $180.00 target price on the stock. Zacks Investment Research raised shares of Aetna from a hold rating to a buy rating and set a $170.00 target price on the stock in a research note on Tuesday, July 4th. Credit Suisse Group reaffirmed an outperform rating and set a $165.00 target price (up previously from $160.00) on shares of Aetna in a research note on Thursday, July 13th. Deutsche Bank AG boosted their target price on shares of Aetna from $144.00 to $157.00 and gave the stock a hold rating in a research note on Thursday, July 13th. Finally, BidaskClub cut shares of Aetna from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Aetna currently has an average rating of Buy and an average target price of $161.83.
Shares of Aetna (NYSE:AET) opened at 157.43 on Monday. The company has a market capitalization of $52.28 billion, a price-to-earnings ratio of 34.95 and a beta of 0.53. Aetna has a 52-week low of $104.59 and a 52-week high of $164.52. The company’s 50-day moving average price is $158.11 and its 200-day moving average price is $149.63.
Aetna (NYSE:AET) last announced its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. Equities research analysts forecast that Aetna will post $9.56 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, October 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $2.00 annualized dividend and a yield of 1.27%. Aetna’s payout ratio is 43.67%.
In related news, President Karen S. Lynch sold 15,271 shares of the business’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 transaction, the president now owns 64,261 shares in the company, valued at $10,404,498.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the transaction, the executive vice president now owns 33,563 shares in the company, valued at approximately $5,465,734.55. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AET. State of Tennessee Treasury Department raised its holdings in shares of Aetna by 26.3% during the second quarter. State of Tennessee Treasury Department now owns 557,814 shares of the company’s stock valued at $84,692,000 after purchasing an additional 116,280 shares during the period. Pictet & Cie Europe SA acquired a new position in shares of Aetna during the second quarter valued at about $2,269,000. Banque Pictet & Cie SA acquired a new position in shares of Aetna during the second quarter valued at about $10,567,000. NBT Bank N A NY acquired a new position in shares of Aetna during the second quarter valued at about $215,000. Finally, Swiss National Bank raised its holdings in shares of Aetna by 0.8% during the second quarter. Swiss National Bank now owns 1,483,438 shares of the company’s stock valued at $225,230,000 after purchasing an additional 11,100 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.
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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