Atalanta Sosnoff Capital LLC Lowers Position in Aetna Inc (AET)

Atalanta Sosnoff Capital LLC trimmed its holdings in Aetna Inc (NYSE:AET) by 96.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,384 shares of the company’s stock after selling 344,536 shares during the quarter. Atalanta Sosnoff Capital LLC’s holdings in Aetna were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AET. Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of Aetna by 45.0% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 27,918 shares of the company’s stock valued at $4,239,000 after acquiring an additional 8,666 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Aetna by 7.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,825 shares of the company’s stock valued at $1,339,000 after acquiring an additional 595 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Aetna by 8.7% during the 2nd quarter. Summit Global Investments now owns 11,158 shares of the company’s stock valued at $1,694,000 after acquiring an additional 896 shares during the last quarter. HGK Asset Management Inc. boosted its holdings in shares of Aetna by 27.1% in the second quarter. HGK Asset Management Inc. now owns 3,750 shares of the company’s stock worth $569,000 after buying an additional 800 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Aetna by 5.6% in the second quarter. Stephens Inc. AR now owns 7,996 shares of the company’s stock worth $1,214,000 after buying an additional 427 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.

Shares of Aetna Inc (NYSE:AET) traded up $0.35 on Tuesday, reaching $184.64. 2,340,000 shares of the company traded hands, compared to its average volume of 4,210,000. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $60,210.00, a PE ratio of 34.13, a PEG ratio of 1.59 and a beta of 0.61. Aetna Inc has a 12 month low of $116.04 and a 12 month high of $192.37.

Aetna (NYSE:AET) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. Aetna’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 earnings per share. analysts anticipate that Aetna Inc will post 9.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, January 10th. Aetna’s payout ratio is 36.97%.

A number of equities analysts recently issued reports on the stock. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price objective on the stock in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley cut shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price on the stock. in a research note on Wednesday, December 20th. Credit Suisse Group restated a “neutral” rating and set a $195.00 target price (up previously from $174.00) on shares of Aetna in a research note on Wednesday, December 6th. Finally, Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research note on Wednesday, December 6th. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $172.64.

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Aetna 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.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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