RBF Capital LLC continued to hold its position in Aetna Inc. (NYSE:AET) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company’s stock at the end of the first quarter. RBF Capital LLC’s holdings in Aetna were worth $638,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in AET. BlackRock Inc. increased its stake in shares of Aetna by 3,374.9% in the first quarter. BlackRock Inc. now owns 30,712,219 shares of the company’s stock valued at $3,917,344,000 after buying an additional 29,828,390 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Aetna by 3.8% in the first quarter. Vanguard Group Inc. now owns 23,117,526 shares of the company’s stock valued at $2,948,640,000 after buying an additional 838,578 shares in the last quarter. FMR LLC increased its stake in shares of Aetna by 2.2% in the first quarter. FMR LLC now owns 7,903,233 shares of the company’s stock valued at $1,008,059,000 after buying an additional 167,261 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Aetna by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 4,378,982 shares of the company’s stock valued at $558,540,000 after buying an additional 165,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Aetna by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,962,514 shares of the company’s stock valued at $505,399,000 after buying an additional 21,953 shares in the last quarter. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
Aetna Inc. (NYSE:AET) traded down 0.18% during mid-day trading on Friday, hitting $152.15. 1,791,311 shares of the stock traded hands. The stock’s 50 day moving average is $154.26 and its 200-day moving average is $139.02. The company has a market cap of $50.53 billion, a price-to-earnings ratio of 33.77 and a beta of 0.54. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69.
Aetna (NYSE:AET) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $1.08. The business had revenue of $15.52 billion for the quarter, compared to the consensus estimate of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. On average, equities research analysts anticipate that Aetna Inc. will post $9.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, July 11th. Aetna’s payout ratio is 43.67%.
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Several equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target (up from $150.00) on shares of Aetna in a research report on Wednesday. Deutsche Bank AG raised their target price on Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and set a $163.00 target price (up from $157.00) on shares of Aetna in a research report on Friday, August 4th. Royal Bank Of Canada raised their target price on Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, BidaskClub lowered shares of Aetna from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $157.09.
In related news, Chairman Mark T. Bertolini sold 103,547 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total transaction of $14,578,382.13. Following the transaction, the chairman now owns 659,888 shares of the company’s stock, valued at $92,905,631.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margaret M. Mccarthy sold 27,028 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the transaction, the executive vice president now directly owns 33,563 shares in the company, valued at approximately $5,008,606.49. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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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