Aetna (AET) Raised to “Overweight” at Piper Jaffray Companies

Piper Jaffray Companies upgraded shares of Aetna (NYSE:AET) from a neutral rating to an overweight rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Piper Jaffray Companies currently has $136.00 target price on the stock.

Several other research analysts also recently commented on AET. BMO Capital Markets increased their price objective on Aetna from $175.00 to $200.00 and gave the company a market perform rating in a research note on Friday, October 27th. Argus reissued a buy rating and issued a $185.00 price objective (up from $165.00) on shares of Aetna in a research note on Tuesday, September 12th. Cantor Fitzgerald downgraded Aetna from an overweight rating to a neutral rating in a research note on Thursday, October 26th. Zacks Investment Research raised Aetna from a hold rating to a strong-buy rating and set a $184.00 price objective for the company in a research note on Wednesday, October 25th. Finally, Raymond James Financial raised Aetna from a market perform rating to an outperform rating and set a $200.00 price objective for the company in a research note on Friday, November 3rd. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Aetna has an average rating of Buy and a consensus target price of $172.64.

Aetna (AET) opened at $185.81 on Wednesday. Aetna has a 52-week low of $116.04 and a 52-week high of $192.37. The stock has a market capitalization of $60,590.00, a P/E ratio of 34.35, a PEG ratio of 1.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53.

Aetna (NYSE:AET) last announced its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue was down 5.0% on a year-over-year basis. analysts expect that Aetna will post 9.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is presently 36.97%.

Several institutional investors and hedge funds have recently modified their holdings of AET. FMR LLC increased its stake in shares of Aetna by 73.8% in the 2nd quarter. FMR LLC now owns 13,736,800 shares of the company’s stock worth $2,085,659,000 after acquiring an additional 5,833,567 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Aetna by 9,446.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock worth $657,255,000 after acquiring an additional 4,283,553 shares during the last quarter. Capital World Investors increased its stake in shares of Aetna by 8.9% in the 2nd quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock worth $3,153,358,000 after acquiring an additional 1,688,767 shares during the last quarter. Orbimed Advisors LLC increased its stake in shares of Aetna by 57.3% in the 3rd quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock worth $222,057,000 after acquiring an additional 508,600 shares during the last quarter. Finally, Samlyn Capital LLC acquired a new stake in shares of Aetna in the 2nd quarter worth $77,170,000. 87.80% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Aetna (NYSE:AET)

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