Employees Retirement System of Texas increased its stake in shares of Aetna Inc (NYSE:AET) by 23.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 79,381 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Employees Retirement System of Texas’ holdings in Aetna were worth $14,320,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of AET. Hermes Investment Management Ltd. increased its holdings in shares of Aetna by 8.1% during the 3rd quarter. Hermes Investment Management Ltd. now owns 8,055 shares of the company’s stock valued at $1,281,000 after acquiring an additional 603 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Aetna during the 3rd quarter valued at about $3,530,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Aetna by 39.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 60,170 shares of the company’s stock valued at $9,568,000 after acquiring an additional 17,103 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Aetna by 459.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 26,029 shares of the company’s stock valued at $4,140,000 after acquiring an additional 21,377 shares during the last quarter. Finally, Rockefeller Financial Services Inc. increased its holdings in shares of Aetna by 262.0% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 3,620 shares of the company’s stock valued at $576,000 after acquiring an additional 2,620 shares during the last quarter. 87.34% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on AET. ValuEngine raised Aetna from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group reissued a “hold” rating and set a $205.00 price objective on shares of Aetna in a report on Wednesday, January 31st. Credit Suisse Group raised their target price on Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Citigroup lowered Aetna from a “buy” rating to a “neutral” rating and raised their target price for the company from $187.89 to $212.00 in a report on Wednesday, January 31st. Finally, Cowen reaffirmed a “buy” rating and issued a $212.00 target price on shares of Aetna in a report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $189.50.
Shares of Aetna Inc (AET) traded down $0.82 during trading hours on Wednesday, hitting $176.62. The stock had a trading volume of 1,885,774 shares, compared to its average volume of 2,540,000. Aetna Inc has a one year low of $124.84 and a one year high of $194.40. The firm has a market cap of $57,740.00, a price-to-earnings ratio of 29.19, a PEG ratio of 1.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Aetna had a return on equity of 21.50% and a net margin of 3.15%. The company had revenue of $14.74 billion for the quarter, compared to analyst estimates of $14.79 billion. During the same quarter last year, the firm earned $0.08 EPS. Aetna’s revenue for the quarter was down 6.2% compared to the same quarter last year. equities research analysts anticipate that Aetna Inc will post 11.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders 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 dividend yield of 1.13%. The ex-dividend date is Wednesday, April 11th. Aetna’s payout ratio is presently 33.06%.
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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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