Aetna Inc. (AET) Holdings Raised by HL Financial Services LLC
HL Financial Services LLC raised its position in Aetna Inc. (NYSE:AET) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,782 shares of the company’s stock after purchasing an additional 1,439 shares during the period. HL Financial Services LLC’s holdings in Aetna were worth $1,078,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Bruderman Asset Management LLC bought a new stake in shares of Aetna during the second quarter worth $106,000. Lloyds Banking Group plc acquired a new position in Aetna during the third quarter worth $106,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Aetna during the third quarter worth $116,000. Liberty Capital Management Inc. boosted its holdings in Aetna by 206.9% during the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after purchasing an additional 629 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in Aetna by 53.5% during the second quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after purchasing an additional 400 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.
Aetna Inc. (NYSE:AET) traded up $2.59 on Monday, hitting $175.12. 2,240,900 shares of the stock were exchanged, compared to its average volume of 2,447,441. Aetna Inc. has a one year low of $116.04 and a one year high of $184.98. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $57,110.00, a P/E ratio of 17.15, a P/E/G ratio of 1.60 and a beta of 0.61.
Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.12 billion. During the same period last year, the company posted $2.07 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. equities analysts predict that Aetna Inc. will post 9.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.14%. Aetna’s payout ratio is currently 36.97%.
In related news, EVP Margaret M. Mccarthy sold 10,288 shares of Aetna stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,563 shares in the company, valued at approximately $5,465,734.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Karen S. Lynch sold 15,271 shares of Aetna stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following 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. 1.14% of the stock is owned by company insiders.
AET has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a report on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $163.00 price target (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, August 7th. BMO Capital Markets started coverage on shares of Aetna in a research note on Monday, October 16th. They issued a “market perform” rating and a $175.00 price target for the company. Finally, Royal Bank Of Canada increased their price target on shares of Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and an average target price of $170.34.
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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