Armistice Capital LLC bought a new position in shares of Aetna Inc (NYSE:AET) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,000 shares of the company’s stock, valued at approximately $11,545,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Farallon Capital Management LLC acquired a new position in Aetna during the fourth quarter worth about $940,734,000. Janus Henderson Group PLC lifted its holdings in shares of Aetna by 1.8% in the third quarter. Janus Henderson Group PLC now owns 4,407,172 shares of the company’s stock valued at $700,784,000 after purchasing an additional 78,272 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Aetna by 1.3% in the fourth quarter. OppenheimerFunds Inc. now owns 3,279,841 shares of the company’s stock valued at $591,650,000 after purchasing an additional 41,616 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Aetna by 5.9% in the third quarter. Neuberger Berman Group LLC now owns 1,487,570 shares of the company’s stock valued at $236,538,000 after purchasing an additional 82,540 shares in the last quarter. Finally, Orbimed Advisors LLC lifted its holdings in shares of Aetna by 57.3% in the third quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock valued at $222,057,000 after purchasing an additional 508,600 shares in the last quarter. Institutional investors own 86.29% of the company’s stock.
Aetna Inc (AET) opened at $177.38 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $57,990.00, a P/E ratio of 29.32, a P/E/G ratio of 1.44 and a beta of 0.65. Aetna Inc has a one year low of $124.84 and a one year high of $194.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s payout ratio is 33.06%.
AET has been the topic of several recent research reports. Piper Jaffray Companies raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target on the stock in a report on Wednesday, January 3rd. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Argus downgraded shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a report on Wednesday, December 6th. Morgan Stanley downgraded shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target on the stock. in a report on Wednesday, December 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $195.00 price target (up previously from $174.00) on shares of Aetna in a report on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $189.50.
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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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