Aetna VP Sells $1,281,705 in Stock (AET)
Aetna (NYSE:AET) VP William James Casazza unloaded 15,906 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $80.58, for a total value of $1,281,705.48. Following the transaction, the vice president now directly owns 4,388 shares in the company, valued at approximately $353,585. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Aetna (NYSE:AET) traded up 0.09% on Friday, hitting $80.94. 1,772,024 shares of the company’s stock traded hands. Aetna has a one year low of $60.32 and a one year high of $81.25. The stock’s 50-day moving average is $75.36 and its 200-day moving average is $71.43. The company has a market cap of $28.928 billion and a price-to-earnings ratio of 14.24.
Aetna (NYSE:AET) last released its earnings data on Thursday, April 24th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.55 by $0.43. The company had revenue of $13.97 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the company posted $1.50 earnings per share. Aetna’s revenue was up 46.9% compared to the same quarter last year. On average, analysts predict that Aetna will post $6.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Investors of record on Thursday, July 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, July 8th.
A number of research firms have recently commented on AET. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Aetna in a research note on Tuesday, June 3rd. They now have a $81.00 price target on the stock, up previously from $78.00. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Aetna from $75.00 to $85.00 in a research note on Monday, June 2nd. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Aetna from $76.00 to $87.00 in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $80.18.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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