Aetna Inc (AET) Holdings Lifted by Baird Financial Group Inc.
Baird Financial Group Inc. boosted its position in shares of Aetna Inc (NYSE:AET) by 125.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,268 shares of the company’s stock after buying an additional 5,151 shares during the quarter. Baird Financial Group Inc.’s holdings in Aetna were worth $1,672,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lloyds Banking Group plc purchased a new stake in shares of Aetna during the third quarter valued at $106,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Aetna during the third quarter valued at $116,000. Cerebellum GP LLC purchased a new stake in shares of Aetna during the fourth quarter valued at $125,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Aetna during the fourth quarter valued at $180,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of Aetna during the fourth quarter valued at $182,000. 84.88% of the stock is owned by institutional investors.
AET has been the subject of a number of recent analyst reports. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price for the company. in a research note on Wednesday, December 20th. Credit Suisse Group reissued 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 raised shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Friday, November 3rd. Argus lowered shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research note on Wednesday, December 6th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $208.00 target price (up from $200.00) on shares of Aetna in a research note on Monday, December 4th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Aetna currently has a consensus rating of “Buy” and an average target price of $189.50.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $14.74 billion during the quarter, compared to analyst estimates of $14.79 billion. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. analysts anticipate that Aetna Inc will post 10.99 EPS for the current year.
The firm 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio (DPR) is presently 33.06%.
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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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