Halcyon Management Partners LP acquired a new position in shares of Aetna Inc (NYSE:AET) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 132,812 shares of the company’s stock, valued at approximately $23,958,000. Aetna makes up 3.5% of Halcyon Management Partners LP’s holdings, making the stock its 12th biggest holding.
A number of other large investors have also recently bought and sold shares of the business. Cetera Advisors LLC lifted its holdings in Aetna by 3.3% during the 4th quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock worth $1,573,000 after buying an additional 279 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Aetna by 0.4% in the 3rd quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock valued at $12,627,000 after buying an additional 291 shares in the last quarter. Essex Financial Services Inc. increased its position in shares of Aetna by 2.2% in the 4th quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after buying an additional 298 shares in the last quarter. Violich Capital Management Inc. increased its position in shares of Aetna by 0.4% in the 3rd quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock valued at $11,190,000 after buying an additional 299 shares in the last quarter. Finally, FCA Corp TX increased its position in shares of Aetna by 2.5% in the 3rd quarter. FCA Corp TX now owns 12,530 shares of the company’s stock valued at $1,992,000 after buying an additional 300 shares in the last quarter. 87.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $212.00 price objective on shares of Aetna in a research report on Tuesday, January 30th. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group upped their price objective on shares of Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Citigroup cut shares of Aetna from a “buy” rating to a “neutral” rating and upped their price objective for the company from $187.89 to $212.00 in a research report on Wednesday, January 31st. Finally, Cowen restated a “buy” rating and issued a $212.00 price objective on shares of Aetna in a research report on Tuesday, January 30th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Aetna has a consensus rating of “Buy” and an average price target of $189.50.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The company had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. Aetna had a return on equity of 21.50% and a net margin of 3.15%. Aetna’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. sell-side analysts expect that Aetna Inc will post 11.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s 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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