Rehmann Capital Advisory Group reduced its stake in Aetna Inc (NYSE:AET) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,424 shares of the company’s stock after selling 263 shares during the period. Rehmann Capital Advisory Group’s holdings in Aetna were worth $897,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Havens Advisors LLC increased its holdings in shares of Aetna by 32.1% in the third quarter. Havens Advisors LLC now owns 50,200 shares of the company’s stock valued at $10,183,000 after purchasing an additional 12,200 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of Aetna by 3.0% in the third quarter. Twin Capital Management Inc. now owns 81,890 shares of the company’s stock valued at $16,611,000 after purchasing an additional 2,350 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Aetna by 31.7% in the second quarter. Wolverine Asset Management LLC now owns 47,351 shares of the company’s stock valued at $8,688,000 after purchasing an additional 11,408 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Aetna in the third quarter valued at $341,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Aetna by 712.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,584 shares of the company’s stock valued at $2,147,000 after purchasing an additional 9,281 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.
Several equities analysts have commented on the stock. Cantor Fitzgerald downgraded shares of Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price objective on the stock. in a report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Thursday, October 4th. Credit Suisse Group upped their price objective on shares of Aetna from $202.00 to $207.00 and gave the company a “neutral” rating in a report on Monday, October 22nd. Piper Jaffray Companies downgraded shares of Aetna from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $212.00 to $206.00 in a report on Tuesday, October 30th. Finally, Citigroup upped their price objective on shares of Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Aetna presently has an average rating of “Hold” and an average price target of $207.33.
Shares of Aetna stock opened at $212.70 on Friday. The stock has a market capitalization of $69.64 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.82 and a beta of 0.71. Aetna Inc has a 52-week low of $166.88 and a 52-week high of $213.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.13. The company had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. Aetna’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 earnings per share. As a group, analysts anticipate that Aetna Inc will post 11.38 earnings per share for the current year.
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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