Aetna Inc. (NYSE:AET) has earned a consensus rating of “Buy” from the nineteen analysts that are covering the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $131.20.
A number of research firms recently commented on AET. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Tuesday. Evercore ISI started coverage on shares of Aetna in a research report on Thursday, September 22nd. They set a “buy” rating and a $128.00 price objective for the company. Credit Suisse Group AG restated a “hold” rating and set a $120.00 price objective on shares of Aetna in a research report on Tuesday, September 13th. Jefferies Group restated a “hold” rating on shares of Aetna in a research report on Tuesday, September 6th. Finally, Leerink Swann restated an “outperform” rating on shares of Aetna in a research report on Wednesday, August 24th.
In other Aetna news, Director Jeffrey E. Garten sold 7,100 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $116.51, for a total transaction of $827,221.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn M. Guertin sold 45,328 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $120.21, for a total transaction of $5,448,878.88. Following the sale, the insider now directly owns 44,883 shares in the company, valued at approximately $5,395,385.43. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of AET. Hartford Financial Management Inc. boosted its stake in shares of Aetna by 304.8% in the second quarter. Hartford Financial Management Inc. now owns 850 shares of the company’s stock valued at $101,000 after buying an additional 640 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Aetna by 9.7% in the second quarter. Parkside Financial Bank & Trust now owns 829 shares of the company’s stock valued at $101,000 after buying an additional 73 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Aetna by 37.3% in the second quarter. Acrospire Investment Management LLC now owns 1,105 shares of the company’s stock valued at $135,000 after buying an additional 300 shares in the last quarter. FirstMerit Bank N A Trustee acquired a new stake in shares of Aetna during the second quarter valued at $200,000. Finally, Genesee Valley Trust Co. acquired a new stake in shares of Aetna during the second quarter valued at $203,000. 91.95% of the stock is currently owned by hedge funds and other institutional investors.
Aetna (NYSE:AET) traded up 0.35% during midday trading on Wednesday, reaching $115.17. The company had a trading volume of 840,102 shares. Aetna has a one year low of $92.42 and a one year high of $123.57. The company has a market capitalization of $40.40 billion, a PE ratio of 16.88 and a beta of 0.54. The stock’s 50 day moving average is $116.60 and its 200 day moving average is $115.80.
Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.09. Aetna had a return on equity of 16.44% and a net margin of 3.89%. The business earned $15.95 billion during the quarter, compared to analysts’ expectations of $15.69 billion. During the same quarter last year, the company posted $2.05 earnings per share. Aetna’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Aetna will post $8.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. Aetna’s payout ratio is presently 14.73%.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS).
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