Meadow Creek Investment Management LLC cut its holdings in shares of Aetna Inc (NYSE:AET) by 83.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,520 shares of the company’s stock after selling 12,376 shares during the period. Meadow Creek Investment Management LLC’s holdings in Aetna were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of AET. New York State Common Retirement Fund lifted its holdings in Aetna by 9.5% during the third quarter. New York State Common Retirement Fund now owns 967,810 shares of the company’s stock worth $153,891,000 after acquiring an additional 84,210 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Aetna during the third quarter worth about $270,000. Robecosam AG lifted its holdings in Aetna by 33.9% during the third quarter. Robecosam AG now owns 2,597 shares of the company’s stock worth $409,000 after acquiring an additional 657 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Aetna by 5.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 80,746 shares of the company’s stock worth $12,840,000 after acquiring an additional 4,389 shares in the last quarter. Finally, Tdam USA Inc. bought a new position in Aetna during the third quarter worth about $224,000. Hedge funds and other institutional investors own 87.25% of the company’s stock.
Shares of Aetna Inc (NYSE AET) opened at $168.11 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $54,962.30, a PE ratio of 17.10, a P/E/G ratio of 1.35 and a beta of 0.65. Aetna Inc has a 12-month low of $124.84 and a 12-month high of $194.40.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio is currently 34.78%.
Several research analysts have weighed in on the company. Deutsche Bank upgraded Aetna from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $212.00 in a report on Monday, January 22nd. Piper Jaffray reiterated a “buy” rating and set a $212.00 target price on shares of Aetna in a report on Tuesday, January 30th. Credit Suisse Group lifted their target price on Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Jefferies Group reiterated a “hold” rating and set a $205.00 target price on shares of Aetna in a report on Wednesday, January 31st. Finally, Cowen reissued a “buy” rating and issued a $212.00 price target on shares of Aetna in a research note on Tuesday, January 30th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $189.50.
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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