Aetna Inc (AET) Shares Sold by Solaris Asset Management LLC
Solaris Asset Management LLC lessened its holdings in Aetna Inc (NYSE:AET) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,193 shares of the company’s stock after selling 740 shares during the quarter. Aetna makes up about 3.3% of Solaris Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Solaris Asset Management LLC’s holdings in Aetna were worth $5,807,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Lloyds Banking Group plc purchased a new position in shares of Aetna in the 3rd quarter valued at $106,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Aetna during the 3rd quarter valued at $116,000. Pennsylvania Trust Co acquired a new stake in Aetna during the 4th quarter valued at $200,000. 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 valued at $177,000 after purchasing an additional 400 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Aetna during the 2nd quarter valued at $182,000. 87.69% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and set a $208.00 price target (up from $200.00) on shares of Aetna in a report on Monday, December 4th. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target for the company in a report on Wednesday, January 3rd. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target for the company. in a report on Wednesday, December 20th. Finally, Argus lowered shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a report on Wednesday, December 6th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $172.64.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.07 EPS. equities research analysts predict that Aetna Inc will post 9.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, January 10th. Aetna’s dividend payout ratio is currently 36.97%.
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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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