Envestnet Asset Management Inc. lowered its stake in shares of Aetna Inc (NYSE:AET) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,124 shares of the company’s stock after selling 2,089 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Aetna were worth $2,040,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Timber Hill LLC purchased a new stake in Aetna in the 1st quarter worth $327,000. KCM Investment Advisors LLC increased its stake in Aetna by 28.4% in the 1st quarter. KCM Investment Advisors LLC now owns 10,632 shares of the company’s stock worth $1,797,000 after buying an additional 2,351 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Aetna in the 1st quarter worth $578,000. Pegasus Partners Ltd. increased its stake in Aetna by 16.2% in the 1st quarter. Pegasus Partners Ltd. now owns 10,001 shares of the company’s stock worth $1,690,000 after buying an additional 1,397 shares in the last quarter. Finally, Pictet & Cie Europe SA increased its stake in Aetna by 31.8% in the 1st quarter. Pictet & Cie Europe SA now owns 8,356 shares of the company’s stock worth $1,412,000 after buying an additional 2,018 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald lowered Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price target for the company. in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded Aetna from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $200.38.

AET opened at $202.75 on Friday. Aetna Inc has a 52 week low of $149.69 and a 52 week high of $204.20. The stock has a market cap of $66.60 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.75 and a beta of 0.68. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.44.

Aetna (NYSE:AET) last released its quarterly earnings data on Thursday, August 2nd. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. Aetna had a net margin of 5.77% and a return on equity of 20.66%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same quarter in the prior year, the firm earned $3.42 EPS. The business’s revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Aetna Inc will post 11.31 EPS for the current fiscal year.

About Aetna

Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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