Stephens Inc. AR Lowers Position in Aetna Inc (AET)
Stephens Inc. AR trimmed its holdings in shares of Aetna Inc (NYSE:AET) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,347 shares of the company’s stock after selling 904 shares during the quarter. Stephens Inc. AR’s holdings in Aetna were worth $1,325,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lloyds Banking Group plc bought a new position in shares of Aetna during the 3rd quarter worth approximately $106,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Aetna during the 3rd quarter worth approximately $116,000. Cerebellum GP LLC bought a new position in shares of Aetna during the 4th quarter worth approximately $125,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Aetna during the 4th quarter worth approximately $180,000. Finally, Phocas Financial Corp. bought a new position in shares of Aetna during the 2nd quarter worth approximately $182,000. 87.41% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on AET. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research note on Tuesday, January 30th. Citigroup cut shares of Aetna from a “buy” rating to a “neutral” rating and raised their price target for the stock from $187.89 to $212.00 in a research note on Wednesday, January 31st. Credit Suisse Group raised their price target on shares of Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $185.94.
Aetna (NYSE:AET) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter last year, the firm posted $0.08 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. research analysts anticipate that Aetna Inc will post 10.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, January 10th. Aetna’s dividend payout ratio is 34.78%.
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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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