Private Trust Co. NA raised its stake in Aetna Inc. (NYSE:AET) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,080 shares of the company’s stock after buying an additional 244 shares during the period. Private Trust Co. NA’s holdings in Aetna were worth $923,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FTB Advisors Inc. boosted its position in Aetna by 11.0% in the first quarter. FTB Advisors Inc. now owns 977 shares of the company’s stock worth $125,000 after buying an additional 97 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Aetna during the first quarter worth $133,000. Horan Capital Management purchased a new position in Aetna during the first quarter worth $157,000. Guardian Life Insurance Co. of America boosted its position in Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after buying an additional 9 shares during the period. Finally, Tompkins Financial Corp purchased a new position in Aetna during the first quarter worth $187,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Aetna Inc. (AET) traded down 0.87% during midday trading on Friday, reaching $154.45. 1,781,161 shares of the company traded hands. The firm has a market capitalization of $51.29 billion, a PE ratio of 34.28 and a beta of 0.54. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69. The company’s 50-day moving average price is $154.81 and its 200 day moving average price is $140.38.
Aetna (NYSE:AET) last posted its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.34 by $1.08. The firm had revenue of $15.52 billion during 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 revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 EPS. On average, equities analysts anticipate that Aetna Inc. will post $9.55 earnings per share for the current year.
A number of research firms recently weighed in on AET. Deutsche Bank AG lifted their target price on shares of Aetna from $144.00 to $157.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group restated a “buy” rating and set a $155.00 target price on shares of Aetna in a research note on Wednesday, May 17th. Cowen and Company set a $170.00 price target on shares of Aetna and gave the company a “buy” rating in a report on Saturday, May 27th. Jefferies Group LLC restated a “hold” rating and issued a $163.00 target price (up from $157.00) on shares of Aetna in a report on Friday, August 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price target (up from $150.00) on shares of Aetna in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Aetna presently has a consensus rating of “Buy” and an average target price of $157.99.
In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the 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 completion of 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 can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.
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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