Traders Sell Shares of Aetna (AET) on Strength (AET)
Investors sold shares of Aetna Inc (NYSE:AET) on strength during trading hours on Wednesday. $109.21 million flowed into the stock on the tick-up and $165.18 million flowed out of the stock on the tick-down, for a money net flow of $55.97 million out of the stock. Of all stocks tracked, Aetna had the 0th highest net out-flow for the day. Aetna traded up $0.38 for the day and closed at $183.48
A number of research analysts have recently issued reports on AET shares. Piper Jaffray Companies reiterated a “hold” rating and set a $187.00 target price on shares of Aetna in a research report on Friday, November 3rd. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus lowered Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research report on Wednesday, December 6th. BMO Capital Markets increased their target price on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Finally, Cantor Fitzgerald lowered Aetna from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Aetna currently has an average rating of “Buy” and a consensus target price of $172.64.
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 capitalization of $60,260.00, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.
Aetna (NYSE:AET) last announced its quarterly earnings data 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. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. analysts forecast that Aetna Inc will post 9.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is presently 36.97%.
Several institutional investors and hedge funds have recently modified their holdings of AET. Lloyds Banking Group plc acquired a new stake in shares of Aetna during the 3rd quarter worth about $106,000. Bruderman Asset Management LLC acquired a new stake in shares of Aetna during the 2nd quarter worth about $106,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Aetna during the 3rd quarter worth about $116,000. Westside Investment Management Inc. increased its position in shares of 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 purchasing an additional 400 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of Aetna during the 2nd quarter worth about $182,000. 87.80% of the stock is owned by institutional investors and hedge funds.
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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