Daiwa Securities Group Inc. lifted its holdings in shares of Aetna Inc (NYSE:AET) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,408 shares of the company’s stock after buying an additional 640 shares during the period. Daiwa Securities Group Inc.’s holdings in Aetna were worth $2,517,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AET. Tdam USA Inc. acquired a new stake in Aetna in the third quarter valued at about $206,000. Riverpoint Wealth Management Holdings LLC acquired a new stake in Aetna in the third quarter valued at about $211,000. Northwestern Mutual Wealth Management Co. lifted its position in Aetna by 11.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 9,375 shares of the company’s stock valued at $1,901,000 after purchasing an additional 1,000 shares during the period. Summit X LLC acquired a new stake in Aetna in the third quarter valued at about $249,000. Finally, Victory Capital Management Inc. lifted its position in Aetna by 4.1% in the third quarter. Victory Capital Management Inc. now owns 7,786 shares of the company’s stock valued at $1,579,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.
AET stock opened at $209.36 on Friday. Aetna Inc has a 12-month low of $166.88 and a 12-month high of $210.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $68.37 billion, a PE ratio of 19.28, a P/E/G ratio of 1.77 and a beta of 0.71.
Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.13. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The company had revenue of $15.48 billion during the quarter, compared to the consensus estimate of $15.40 billion. During the same period last year, the firm earned $2.45 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast that Aetna Inc will post 11.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. Aetna’s payout ratio is 20.28%.
A number of equities research analysts recently commented on AET shares. Zacks Investment Research downgraded shares of Aetna from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Cantor Fitzgerald reiterated a “hold” rating and set a $204.00 price target on shares of Aetna in a research report on Tuesday, October 30th. Citigroup lifted their price target on shares of Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. Credit Suisse Group reduced their price target on shares of Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies downgraded shares of Aetna from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $212.00 to $206.00 in a research report on Tuesday, October 30th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Aetna presently has a consensus rating of “Hold” and a consensus price target of $204.55.
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Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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