Northwestern Mutual Wealth Management Co. lifted its position in Aetna Inc (NYSE:AET) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,375 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Aetna were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Palo Capital Inc. purchased a new stake in Aetna in the 3rd quarter worth $122,000. Kaizen Advisory LLC increased its holdings in Aetna by 143.9% in the 2nd quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock worth $141,000 after acquiring an additional 452 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in Aetna in the 2nd quarter worth $162,000. Sun Life Financial INC increased its holdings in Aetna by 252.0% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the company’s stock worth $163,000 after acquiring an additional 635 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Aetna by 3,076.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953 shares of the company’s stock worth $175,000 after acquiring an additional 923 shares in the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.
Aetna stock opened at $209.36 on Friday. Aetna Inc has a 52-week low of $166.88 and a 52-week high of $210.12. The firm has a market cap of $68.37 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42.
Aetna (NYSE:AET) last released its earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $15.48 billion during the quarter, compared to analyst estimates of $15.40 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Aetna Inc will post 11.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, October 23rd. Aetna’s dividend payout ratio is currently 20.28%.
A number of equities research analysts have recently issued reports on AET shares. Zacks Investment Research lowered shares of Aetna from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $204.00 target price on shares of Aetna in a report on Tuesday, October 30th. Citigroup upped their target price on shares of Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Credit Suisse Group dropped their target price on shares of Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies lowered shares of Aetna from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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