Advisor Partners LLC Has $1.46 Million Position in Aetna Inc. (NYSE:AET)

Advisor Partners LLC boosted its stake in shares of Aetna Inc. (NYSE:AET) by 27.8% during the second quarter, Holdings Channel reports. The firm owned 9,584 shares of the company’s stock after buying an additional 2,086 shares during the period. Advisor Partners LLC’s holdings in Aetna were worth $1,455,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AET. FTB Advisors Inc. increased its position in shares of Aetna by 11.0% in the first quarter. FTB Advisors Inc. now owns 977 shares of the company’s stock valued at $125,000 after buying an additional 97 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of Aetna during the first quarter valued at about $133,000. Liberty Capital Management Inc. increased its position in shares of Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock valued at $144,000 after buying an additional 629 shares during the period. Horan Capital Management purchased a new position in shares of Aetna during the first quarter valued at about $157,000. Finally, Guardian Life Insurance Co. of America increased 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 period. 91.73% of the stock is owned by institutional investors.

Shares of Aetna Inc. (AET) opened at 152.42 on Friday. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69. The company has a market capitalization of $50.62 billion, a PE ratio of 33.83 and a beta of 0.54. The firm has a 50-day moving average of $154.28 and a 200 day moving average of $138.79.

Aetna (NYSE:AET) last posted its quarterly earnings results 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 analysts’ expectations of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.21 earnings per share. On average, equities research analysts expect that Aetna Inc. will post $9.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, July 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, July 11th. Aetna’s dividend payout ratio is 43.67%.

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Several equities analysts have recently issued reports on the stock. Deutsche Bank AG boosted their price target on shares of Aetna from $144.00 to $157.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and set a $133.00 price target on shares of Aetna in a report on Thursday, April 13th. Credit Suisse Group reissued a “buy” rating and set a $155.00 price target on shares of Aetna in a report 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 price target (up previously from $150.00) on shares of Aetna in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.09.

In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 33,563 shares in the company, valued at $5,008,606.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Bertolini sold 103,547 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $140.79, for a total value of $14,578,382.13. Following the transaction, the chairman now owns 659,888 shares in the company, valued at approximately $92,905,631.52. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

About Aetna

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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