Teachers Retirement System of The State of Kentucky Has $6.43 Million Position in Aetna Inc (AET)
Teachers Retirement System of The State of Kentucky reduced its position in shares of Aetna Inc (NYSE:AET) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,718 shares of the company’s stock after selling 4,250 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Aetna were worth $6,434,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Palo Capital Inc. acquired a new position in Aetna during the third quarter worth about $122,000. Kaizen Advisory LLC grew its position in Aetna by 143.9% during the second quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock worth $141,000 after buying an additional 452 shares during the period. CSat Investment Advisory L.P. acquired a new position in Aetna during the second quarter worth about $162,000. Mainstay Capital Management LLC ADV grew its position in Aetna by 1,696.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock worth $162,000 after buying an additional 10,585 shares during the period. Finally, Sun Life Financial INC grew its position in Aetna by 252.0% during the second quarter. Sun Life Financial INC now owns 887 shares of the company’s stock worth $163,000 after buying an additional 635 shares during the period. Institutional investors own 82.34% of the company’s stock.
Several research analysts have weighed in on AET shares. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Thursday, October 4th. Credit Suisse Group upped their target price on shares of Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a research report on Monday, October 22nd. Cantor Fitzgerald lowered shares of Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 target price on the stock. in a research report on Wednesday, August 22nd. Finally, Piper Jaffray Companies lowered shares of Aetna from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $212.00 to $206.00 in a research report on Tuesday, October 30th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $204.18.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.83 by $0.13. The business had revenue of $15.48 billion for the quarter, compared to analyst estimates of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 earnings per share. Equities analysts anticipate that Aetna Inc will post 11.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. Aetna’s dividend payout ratio is presently 20.28%.
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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