Koshinski Asset Management Inc. cut its position in shares of Aetna Inc. (NYSE:AET) by 32.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,122 shares of the company’s stock after selling 4,817 shares during the period. Koshinski Asset Management Inc.’s holdings in Aetna were worth $1,537,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AET. FTB Advisors Inc. boosted its stake 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 acquired a new stake in Aetna during the first quarter worth approximately $133,000. Horan Capital Management purchased a new position in shares of Aetna during the first quarter valued at about $157,000. Guardian Life Insurance Co. of America boosted its position in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock valued at $173,000 after buying an additional 9 shares during the last quarter. Finally, Narus Financial Partners LLC purchased a new position in shares of Aetna during the second quarter valued at about $229,000. Institutional investors own 91.69% of the company’s stock.
Shares of Aetna Inc. (NYSE:AET) traded down 0.87% during trading on Friday, reaching $154.45. The company had a trading volume of 1,781,161 shares. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69. The firm’s 50 day moving average price is $154.81 and its 200 day moving average price is $140.38. The firm has a market capitalization of $51.29 billion, a P/E ratio of 34.28 and a beta of 0.54.
Aetna (NYSE:AET) last announced its earnings results on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $1.08. The firm had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. Aetna’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. Equities analysts predict that Aetna Inc. will post $9.55 EPS for the current year.
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Several brokerages have recently issued reports on AET. Morgan Stanley raised their price objective on Aetna from $172.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective (up from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Deutsche Bank AG raised their price objective on Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $163.00 price objective (up from $157.00) on shares of Aetna in a research note on Friday, August 4th. Finally, Royal Bank Of Canada raised their price objective on Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $157.99.
In other Aetna news, EVP Margaret M. Mccarthy sold 27,028 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the sale, the executive vice president now owns 33,563 shares in the company, valued at approximately $5,008,606.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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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