Hudson Bay Capital Management LP grew its holdings in shares of Aetna Inc (NYSE:AET) by 462.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 845,810 shares of the company’s stock after purchasing an additional 695,428 shares during the period. Aetna comprises about 3.3% of Hudson Bay Capital Management LP’s portfolio, making the stock its 4th biggest position. Hudson Bay Capital Management LP’s holdings in Aetna were worth $152,576,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Cetera Advisors LLC increased its stake in shares of Aetna by 3.3% during the fourth quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock worth $1,573,000 after buying an additional 279 shares during the period. Hartford Investment Management Co. increased its stake in shares of Aetna by 0.4% during the third quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock worth $12,627,000 after buying an additional 291 shares during the period. Essex Financial Services Inc. increased its stake in shares of Aetna by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock worth $2,487,000 after buying an additional 298 shares during the period. Violich Capital Management Inc. increased its stake in shares of Aetna by 0.4% during the third quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock worth $11,190,000 after buying an additional 299 shares during the period. Finally, FCA Corp TX increased its stake in shares of Aetna by 2.5% during the third quarter. FCA Corp TX now owns 12,530 shares of the company’s stock worth $1,992,000 after buying an additional 300 shares during the period. Institutional investors own 84.88% of the company’s stock.
Aetna Inc (NYSE AET) opened at $175.75 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $57,394.76, a P/E ratio of 17.86, a P/E/G ratio of 1.42 and a beta of 0.60. Aetna Inc has a fifty-two week low of $124.84 and a fifty-two week high of $194.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is 34.78%.
AET has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price on the stock. in a research note on Wednesday, December 20th. Credit Suisse Group restated a “neutral” rating and set a $195.00 target price (up from $174.00) on shares of Aetna in a research note on Wednesday, December 6th. Raymond James Financial upgraded shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Aetna from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus lowered shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research note on Wednesday, December 6th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Aetna has a consensus rating of “Buy” and a consensus target price of $189.50.
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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.
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