Colony Group LLC Purchases New Stake in Aetna Inc. (AET)

Colony Group LLC acquired a new position in Aetna Inc. (NYSE:AET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,589 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors also recently made changes to their positions in AET. Bruderman Asset Management LLC acquired a new stake in shares of Aetna in the second quarter worth $106,000. Liberty Capital Management Inc. grew its stake in shares of Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after acquiring an additional 629 shares during the last quarter. Guardian Life Insurance Co. of America grew its stake 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 worth $173,000 after acquiring an additional 9 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Aetna by 53.5% in the second quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after acquiring an additional 400 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in shares of Aetna in the second quarter worth $200,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

In other Aetna news, President Karen S. Lynch sold 15,271 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $161.91, for a total value of $2,472,527.61. Following the completion of the transaction, the president now directly owns 64,261 shares in the company, valued at $10,404,498.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $162.85, for a total value of $1,675,400.80. Following the completion of the transaction, the executive vice president now owns 33,563 shares of the company’s stock, valued at $5,465,734.55. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

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Several equities research analysts have recently issued reports on AET shares. Jefferies Group LLC restated a “hold” rating and issued a $163.00 price objective (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a research note on Thursday, October 12th. Deutsche Bank AG raised their price objective on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Credit Suisse Group restated an “outperform” rating and issued a $165.00 price objective (up previously from $160.00) on shares of Aetna in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada raised their price objective on shares of Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Aetna currently has a consensus rating of “Buy” and an average price target of $161.83.

Aetna Inc. (NYSE:AET) traded up 2.52% on Tuesday, hitting $155.25. The company had a trading volume of 436,306 shares. The firm has a 50-day moving average price of $158.29 and a 200-day moving average price of $149.19. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $164.52. The firm has a market capitalization of $51.56 billion, a PE ratio of 34.46 and a beta of 0.53.

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 the consensus estimate of $2.34 by $1.08. The business had revenue of $15.52 billion for 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%. Aetna’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. On average, equities research analysts anticipate that Aetna Inc. will post $9.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, October 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, October 11th. Aetna’s dividend payout ratio (DPR) is presently 43.67%.

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.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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