First Quadrant L P CA Sells 59,647 Shares of Aetna Inc (AET)
First Quadrant L P CA decreased its position in shares of Aetna Inc (NYSE:AET) by 55.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,653 shares of the company’s stock after selling 59,647 shares during the quarter. First Quadrant L P CA’s holdings in Aetna were worth $8,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. increased its position in shares of Aetna by 154.4% in the fourth quarter. Webster Bank N. A. now owns 14,334 shares of the company’s stock worth $2,586,000 after purchasing an additional 8,700 shares during the period. Omni Partners LLP bought a new position in shares of Aetna in the fourth quarter worth $13,202,000. Personal Capital Advisors Corp increased its position in shares of Aetna by 5.0% in the fourth quarter. Personal Capital Advisors Corp now owns 184,729 shares of the company’s stock worth $33,323,000 after purchasing an additional 8,869 shares during the period. State of Alaska Department of Revenue increased its position in shares of Aetna by 142.8% in the fourth quarter. State of Alaska Department of Revenue now owns 46,913 shares of the company’s stock worth $8,460,000 after purchasing an additional 27,589 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Aetna by 19.7% in the fourth quarter. Acadian Asset Management LLC now owns 644,648 shares of the company’s stock worth $116,288,000 after purchasing an additional 106,270 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.
A number of research analysts recently commented on AET shares. Citigroup raised their price target on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a research report on Thursday, October 12th. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank upgraded Aetna from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $212.00 in a research report on Monday. Finally, Morgan Stanley cut Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price on the stock. in a research report on Wednesday, December 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $177.20.
Aetna (NYSE:AET) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. During the same period last year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. sell-side analysts anticipate that Aetna Inc will post 9.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th 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 1.04%. The ex-dividend date is Wednesday, January 10th. Aetna’s payout ratio is 37.04%.
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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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