Aetna Inc. (NYSE:AET) had its price target increased by equities research analysts at Deutsche Bank AG from $157.00 to $163.00 in a report issued on Monday, August 7th. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 5.54% from the company’s previous close.
AET has been the subject of a number of other research reports. Jefferies Group LLC restated a “hold” rating and set a $133.00 target price on shares of Aetna in a report on Thursday, April 13th. Citigroup Inc. initiated coverage on Aetna in a report on Wednesday, June 28th. They set a “buy” rating and a $180.00 target price for the company. Cleveland Research upgraded Aetna from a “neutral” rating to a “buy” rating in a report on Thursday, May 11th. Cantor Fitzgerald restated a “buy” rating and set a $150.00 target price on shares of Aetna in a report on Friday, May 12th. Finally, Credit Suisse Group restated a “buy” rating and set a $155.00 target price on shares of Aetna in a report on Wednesday, May 17th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $157.99.
Shares of Aetna (AET) traded down 0.87% on Monday, reaching $154.45. 1,781,161 shares of the company were exchanged. The stock’s 50-day moving average is $154.81 and its 200 day moving average is $140.38. Aetna has a 12-month low of $104.59 and a 12-month high of $161.69. The firm has a market capitalization of $51.29 billion, a PE ratio of 34.28 and a beta of 0.54.
Aetna (NYSE:AET) last released its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $1.08. The firm had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The business’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, analysts forecast that Aetna will post $9.55 EPS for the current year.
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In other Aetna news, EVP Margaret M. Mccarthy sold 27,028 shares of Aetna stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total value of $4,033,388.44. Following the sale, the executive vice president now owns 33,563 shares of the company’s stock, valued at approximately $5,008,606.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Aetna by 8.4% in the first quarter. Raymond James Trust N.A. now owns 6,641 shares of the company’s stock worth $847,000 after buying an additional 514 shares during the period. Creative Planning boosted its position in shares of Aetna by 13.3% in the first quarter. Creative Planning now owns 16,574 shares of the company’s stock worth $2,114,000 after buying an additional 1,946 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Aetna by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 109,635 shares of the company’s stock worth $13,983,000 after buying an additional 1,450 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Aetna by 448.0% in the first quarter. Koshinski Asset Management Inc. now owns 14,939 shares of the company’s stock worth $1,905,000 after buying an additional 12,213 shares during the period. Finally, National Pension Service boosted its position in shares of Aetna by 2.2% in the first quarter. National Pension Service now owns 263,118 shares of the company’s stock worth $33,392,000 after buying an additional 5,705 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.
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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