Captrust Financial Advisors Grows Holdings in Aetna Inc (AET)
Captrust Financial Advisors raised its position in Aetna Inc (NYSE:AET) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,953 shares of the company’s stock after acquiring an additional 404 shares during the quarter. Captrust Financial Advisors’ holdings in Aetna were worth $1,254,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Halcyon Management Partners LP acquired a new position in Aetna in the 4th quarter valued at about $23,958,000. Two Sigma Investments LP acquired a new position in Aetna in the 4th quarter valued at about $37,213,000. Premia Global Advisors LLC acquired a new position in Aetna in the 4th quarter valued at about $472,000. Stone Ridge Asset Management LLC acquired a new position in shares of Aetna during the fourth quarter worth about $3,239,000. Finally, QS Investors LLC grew its position in shares of Aetna by 6.3% during the fourth quarter. QS Investors LLC now owns 51,923 shares of the company’s stock worth $9,366,000 after buying an additional 3,093 shares in the last quarter. 87.34% of the stock is owned by institutional investors.
Aetna Inc (NYSE:AET) opened at $177.44 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $57,891.71, a P/E ratio of 18.01, a P/E/G ratio of 1.43 and a beta of 0.65. Aetna Inc has a fifty-two week low of $124.84 and a fifty-two week high of $194.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is 34.78%.
AET has been the subject of a number of analyst reports. Morgan Stanley downgraded Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price objective for the company. in a research report on Wednesday, December 20th. Credit Suisse Group reissued a “neutral” rating and set a $195.00 price objective (up from $174.00) on shares of Aetna in a research report on Wednesday, December 6th. Argus downgraded Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective for the company. in a research report on Wednesday, December 6th. Wells Fargo & Co reissued an “outperform” rating and set a $208.00 price objective (up from $200.00) on shares of Aetna in a research report on Monday, December 4th. Finally, ValuEngine raised Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $189.50.
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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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