Aetna Inc (NYSE:AET) has been assigned a consensus rating of “Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $190.75.
AET has been the topic of several analyst reports. Piper Jaffray raised shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 target price 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. 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 report on Wednesday, December 20th. Citigroup lowered shares of Aetna from a “buy” rating to a “neutral” rating and upped their target price for the stock from $187.89 to $212.00 in a report on Wednesday, January 31st. Finally, Credit Suisse Group upped their price target on shares of Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st.
A number of institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC lifted its position in Aetna by 3.3% during the 4th quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock valued at $1,573,000 after purchasing an additional 279 shares during the period. Essex Financial Services Inc. lifted its position in Aetna by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after purchasing an additional 298 shares during the period. Violich Capital Management Inc. lifted its position in Aetna by 0.4% during the 3rd quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock valued at $11,190,000 after purchasing an additional 299 shares during the period. Focused Wealth Management Inc lifted its position in Aetna by 84.5% during the 4th quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock valued at $118,000 after purchasing an additional 300 shares during the period. Finally, Doyle Wealth Management lifted its position in Aetna by 18.6% during the 4th quarter. Doyle Wealth Management now owns 1,920 shares of the company’s stock valued at $346,000 after purchasing an additional 301 shares during the period. Institutional investors own 87.25% of the company’s stock.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $14.79 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. sell-side analysts anticipate that Aetna will post 11.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, April 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $2.00 annualized dividend and a yield of 1.17%. Aetna’s dividend payout ratio (DPR) is 20.28%.
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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