Hartland & Co. LLC cut its position in shares of Aetna Inc (NYSE:AET) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,849 shares of the company’s stock after selling 1,178 shares during the period. Hartland & Co. LLC’s holdings in Aetna were worth $334,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AET. Alpine Associates Management Inc. purchased a new position in Aetna during the fourth quarter worth about $159,933,000. Orbimed Advisors LLC increased its position in shares of Aetna by 57.3% during the third quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock valued at $222,057,000 after acquiring an additional 508,600 shares during the last quarter. CI Investments Inc. acquired a new stake in shares of Aetna during the fourth quarter valued at about $87,552,000. Governors Lane LP acquired a new stake in shares of Aetna during the fourth quarter valued at about $68,223,000. Finally, Point72 Asset Management L.P. increased its position in shares of Aetna by 233.9% during the third quarter. Point72 Asset Management L.P. now owns 429,353 shares of the company’s stock valued at $68,271,000 after acquiring an additional 300,753 shares during the last quarter. 87.34% of the stock is currently owned by institutional investors.
Shares of Aetna Inc (NYSE AET) traded down $0.82 during mid-day trading on Wednesday, hitting $176.62. 1,885,774 shares of the company were exchanged, compared to its average volume of 2,540,000. 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 firm has a market capitalization of $57,740.00, a PE ratio of 29.19, a P/E/G ratio of 1.43 and a beta of 0.65. Aetna Inc has a 52-week low of $124.84 and a 52-week high of $194.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, April 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is presently 33.06%.
AET has been the subject of a number of recent analyst reports. Wells Fargo & Co reiterated an “outperform” rating and set a $208.00 price target (up from $200.00) on shares of Aetna in a research report on Monday, December 4th. Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a research report on Wednesday, December 6th. Credit Suisse Group reiterated a “neutral” rating and set a $195.00 price target (up from $174.00) on shares of Aetna in a research report on Wednesday, December 6th. Morgan Stanley cut shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target for the company. in a research report on Wednesday, December 20th. Finally, ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $189.50.
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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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