State Board of Administration of Florida Retirement System raised its holdings in Aetna Inc (NYSE:AET) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 462,997 shares of the company’s stock after acquiring an additional 1,009 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of Aetna worth $84,960,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its holdings in shares of Aetna by 5.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,715,322 shares of the company’s stock valued at $289,890,000 after purchasing an additional 82,492 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Aetna by 101.0% during the 1st quarter. Wells Fargo & Company MN now owns 2,797,748 shares of the company’s stock valued at $472,819,000 after purchasing an additional 1,405,859 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Aetna by 6.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,212 shares of the company’s stock valued at $2,064,000 after purchasing an additional 744 shares during the last quarter. Inverness Counsel LLC NY bought a new position in shares of Aetna during the 1st quarter valued at about $3,393,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Aetna during the 1st quarter valued at about $1,190,000. 85.40% of the stock is owned by institutional investors.
Shares of Aetna opened at $194.52 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.44. Aetna Inc has a 12 month low of $149.69 and a 12 month high of $194.88. The stock has a market capitalization of $63.44 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.67.
Aetna (NYSE:AET) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $3.43 EPS for the quarter, beating the Zacks’ consensus estimate of $3.04 by $0.39. Aetna had a net margin of 5.77% and a return on equity of 20.66%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.59 billion. During the same quarter last year, the firm earned $3.42 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts forecast that Aetna Inc will post 11.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Investors of record on Wednesday, July 25th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, July 24th. Aetna’s payout ratio is 20.28%.
Several research analysts have commented on AET shares. Zacks Investment Research downgraded shares of Aetna from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Credit Suisse Group dropped their price objective on shares of Aetna from $208.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, May 14th. Finally, Cantor Fitzgerald raised shares of Aetna from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 1st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Aetna presently has a consensus rating of “Buy” and an average target price of $200.38.
Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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