Liberty Capital Management Inc. raised its stake in Aetna Inc. (NYSE:AET) by 206.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 933 shares of the company’s stock after buying an additional 629 shares during the period. Liberty Capital Management Inc.’s holdings in Aetna were worth $144,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of AET. BlackRock Inc. boosted its position in shares of Aetna by 3,374.9% in the first quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock valued at $3,917,344,000 after buying an additional 29,828,390 shares in the last quarter. Vanguard Group Inc. boosted its position in Aetna by 3.8% in the first quarter. Vanguard Group Inc. now owns 23,117,526 shares of the company’s stock worth $2,948,640,000 after buying an additional 838,578 shares during the period. AQR Capital Management LLC boosted its position in Aetna by 26.0% in the first quarter. AQR Capital Management LLC now owns 3,639,077 shares of the company’s stock worth $464,165,000 after buying an additional 751,166 shares during the period. UBS Asset Management Americas Inc. boosted its position in Aetna by 29.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,376,132 shares of the company’s stock worth $303,076,000 after buying an additional 537,604 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its position in Aetna by 251.2% in the first quarter. NN Investment Partners Holdings N.V. now owns 687,675 shares of the company’s stock worth $87,713,000 after buying an additional 491,855 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.
Shares of Aetna Inc. (AET) opened at 155.90 on Thursday. The stock has a market cap of $51.77 billion, a PE ratio of 34.61 and a beta of 0.54. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69. The stock has a 50 day moving average of $154.63 and a 200 day moving average of $139.99.
Aetna (NYSE:AET) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $1.08. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The business had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter last year, the firm posted $2.21 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Aetna Inc. will post $9.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, July 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Tuesday, July 11th. Aetna’s payout ratio is 43.67%.
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A number of research analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Deutsche Bank AG lifted their price target on shares of Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $163.00 price target (up from $157.00) on shares of Aetna in a report on Friday, August 4th. Royal Bank Of Canada lifted their price target on shares of Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, BidaskClub downgraded shares of Aetna from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Aetna currently has an average rating of “Buy” and an average price target of $157.09.
In other news, EVP Margaret M. Mccarthy sold 27,028 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the transaction, the executive vice president now owns 33,563 shares of the company’s stock, valued at $5,008,606.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.
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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