Lombard Odier Asset Management USA Corp Purchases 15,000 Shares of Aetna Inc (AET)
Lombard Odier Asset Management USA Corp boosted its position in Aetna Inc (NYSE:AET) by 150.0% during the 4th quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Aetna were worth $4,510,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. Unio Capital LLC bought a new stake in shares of Aetna during the 4th quarter worth about $692,000. Water Island Capital LLC raised its position in shares of Aetna by 224.6% during the 4th quarter. Water Island Capital LLC now owns 150,787 shares of the company’s stock worth $27,200,000 after buying an additional 104,337 shares in the last quarter. Leucadia National Corp bought a new stake in shares of Aetna during the 4th quarter worth about $29,404,000. Maverick Capital Ltd. raised its position in shares of Aetna by 174.8% during the 4th quarter. Maverick Capital Ltd. now owns 38,530 shares of the company’s stock worth $6,950,000 after buying an additional 24,510 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Aetna during the 4th quarter worth about $2,295,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.
Several equities analysts have recently issued reports on AET shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $187.00 price objective on shares of Aetna in a research note on Friday, November 3rd. Credit Suisse Group lifted their price objective on shares of Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Jefferies Group reaffirmed a “hold” rating and issued a $205.00 price objective on shares of Aetna in a research note on Wednesday, January 31st. Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research note on Wednesday, December 6th. Finally, Cowen reaffirmed a “buy” rating and issued a $212.00 price objective on shares of Aetna in a research note on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $189.50.
Aetna (NYSE:AET) last released its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $14.79 billion. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. research analysts predict that Aetna Inc will post 10.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is currently 33.06%.
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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