Two Sigma Investments LP bought a new position in shares of Aetna Inc (NYSE:AET) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 206,291 shares of the company’s stock, valued at approximately $37,213,000. Two Sigma Investments LP owned about 0.06% of Aetna as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of AET. Focused Wealth Management Inc increased its position in Aetna by 84.5% during the fourth quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock worth $118,000 after acquiring an additional 300 shares during the period. Cerebellum GP LLC bought a new position in Aetna during the fourth quarter worth about $125,000. James Hambro & Partners bought a new position in Aetna during the fourth quarter worth about $158,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Aetna during the fourth quarter worth about $180,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in Aetna during the fourth quarter worth about $182,000. Institutional investors own 87.34% of the company’s stock.
A number of equities analysts recently commented on AET shares. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target on the stock in a research report on Wednesday, January 3rd. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Argus lowered shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a report on Wednesday, December 6th. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price on the stock. in a report on Wednesday, December 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $195.00 target price (up from $174.00) on shares of Aetna in a report on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $189.50.
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. The company had revenue of $14.74 billion for the quarter, compared to analyst estimates of $14.79 billion. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. research analysts anticipate that Aetna Inc will post 11.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is presently 34.78%.
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Aetna Company Profile
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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