Murphy Capital Management Inc. maintained its position in Aetna Inc. (NYSE:AET) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,833 shares of the company’s stock at the end of the second quarter. Murphy Capital Management Inc.’s holdings in Aetna were worth $733,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Doyle Wealth Management acquired a new stake in Aetna during the second quarter valued at about $214,000. BB&T Corp raised its stake in Aetna by 0.3% in the second quarter. BB&T Corp now owns 21,029 shares of the company’s stock valued at $3,192,000 after buying an additional 71 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake in Aetna by 71.1% in the second quarter. Atalanta Sosnoff Capital LLC now owns 314,562 shares of the company’s stock valued at $47,760,000 after buying an additional 130,740 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO raised its stake in Aetna by 63.7% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 18,171 shares of the company’s stock valued at $2,759,000 after buying an additional 7,071 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Aetna by 10.5% in the second quarter. Aperio Group LLC now owns 258,628 shares of the company’s stock valued at $39,267,000 after buying an additional 24,641 shares in the last quarter. 91.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Aetna Inc. (NYSE:AET) traded down 0.46% during mid-day trading on Tuesday, hitting $156.27. 1,577,425 shares of the stock traded hands. The firm has a 50 day moving average of $153.85 and a 200 day moving average of $137.83. The company has a market cap of $51.83 billion, a P/E ratio of 47.66 and a beta of 0.54. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69.
Aetna (NYSE:AET) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $1.08. The business had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Equities analysts anticipate that Aetna Inc. will post $9.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Aetna’s dividend payout ratio (DPR) is presently 43.67%.
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A number of equities research analysts have weighed in on the company. UBS AG restated a “buy” rating and set a $160.00 price target (up previously from $147.00) on shares of Aetna in a research report on Wednesday, May 17th. BidaskClub cut Aetna from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG lifted their price objective on Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research report on Monday. Jefferies Group LLC reissued a “hold” rating and issued a $163.00 price target on shares of Aetna in a research report on Friday. Finally, Royal Bank Of Canada boosted their price target on Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Aetna presently has a consensus rating of “Buy” and an average price target of $155.78.
In other Aetna news, Chairman Mark T. Bertolini sold 103,547 shares of Aetna stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total value of $14,578,382.13. Following the completion of the transaction, the chairman now owns 659,888 shares of the company’s stock, valued at $92,905,631.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Margaret M. Mccarthy sold 27,028 shares of Aetna stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at approximately $5,008,606.49. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
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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