Chicago Partners Investment Group LLC raised its stake in Aetna Inc (NYSE:AET) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Aetna were worth $390,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Palo Capital Inc. acquired a new position in shares of Aetna during the 3rd quarter valued at $122,000. Kaizen Advisory LLC lifted its holdings in shares of Aetna by 143.9% during the 2nd quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock valued at $141,000 after acquiring an additional 452 shares in the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Aetna during the 2nd quarter valued at $162,000. Mainstay Capital Management LLC ADV lifted its holdings in shares of Aetna by 1,696.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock valued at $162,000 after acquiring an additional 10,585 shares in the last quarter. Finally, Sun Life Financial INC lifted its holdings in shares of Aetna by 252.0% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the company’s stock valued at $163,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.
Several equities analysts recently weighed in on AET shares. Cantor Fitzgerald restated a “buy” rating and set a $202.00 target price on shares of Aetna in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Thursday, October 4th. Credit Suisse Group reduced their target price on shares of Aetna from $207.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Citigroup lifted their price target on shares of Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies downgraded shares of Aetna from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $212.00 to $206.00 in a research note on Tuesday, October 30th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $204.55.
Aetna stock opened at $209.36 on Friday. Aetna Inc has a 12-month low of $166.88 and a 12-month high of $210.12. The firm has a market cap of $68.37 billion, a P/E ratio of 21.23, a PEG ratio of 1.77 and a beta of 0.71. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.13. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The firm had revenue of $15.48 billion for the quarter, compared to the consensus estimate of $15.40 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Aetna Inc will post 11.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, October 23rd. Aetna’s dividend payout ratio (DPR) is 20.28%.
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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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