Twin Securities Inc. acquired a new position in shares of Aetna Inc (NYSE:AET) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 458,805 shares of the company’s stock, valued at approximately $82,764,000. Aetna comprises about 12.2% of Twin Securities Inc.’s investment portfolio, making the stock its 4th largest position. Twin Securities Inc. owned approximately 0.14% of Aetna as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Thrivent Financial For Lutherans raised its position in shares of Aetna by 1,196.8% in the fourth quarter. Thrivent Financial For Lutherans now owns 192,018 shares of the company’s stock valued at $34,638,000 after buying an additional 177,211 shares during the last quarter. Farallon Capital Management LLC purchased a new stake in Aetna during the fourth quarter worth approximately $940,734,000. BTG Pactual Global Asset Management Ltd acquired a new position in shares of Aetna during the fourth quarter worth $3,237,000. Focused Wealth Management Inc lifted its position in shares of Aetna by 84.5% during the fourth quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock worth $118,000 after purchasing an additional 300 shares in the last quarter. Finally, Senzar Asset Management LLC acquired a new position in shares of Aetna during the fourth quarter worth $25,291,000. 87.34% of the stock is currently owned by institutional investors.
Aetna Inc (NYSE AET) traded down $0.82 during trading on Wednesday, hitting $176.62. The stock had a trading volume of 1,885,774 shares, compared to its average volume of 2,594,141. Aetna Inc has a 52 week low of $124.84 and a 52 week high of $194.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $57,891.71, a price-to-earnings ratio of 30.72, a P/E/G ratio of 1.43 and a beta of 0.65.
Aetna (NYSE:AET) last released its earnings results on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, beating 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 firm had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $14.79 billion. During the same quarter in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. equities research analysts expect that Aetna Inc will post 11.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio is currently 34.78%.
AET has been the topic of several recent analyst reports. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target on the stock in a report on Wednesday, January 3rd. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. 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 report on Wednesday, December 6th. Morgan Stanley lowered 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, Credit Suisse Group reiterated a “neutral” rating and issued a $195.00 target price (up previously from $174.00) on shares of Aetna in a research report on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $189.50.
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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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