Aetna Inc (AET) Holdings Reduced by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC lowered its stake in Aetna Inc (NYSE:AET) by 20.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,677 shares of the company’s stock after selling 13,611 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Aetna were worth $10,483,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AET. Xact Kapitalforvaltning AB lifted its stake in shares of Aetna by 1.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 70,818 shares of the company’s stock valued at $12,995,000 after acquiring an additional 1,341 shares during the last quarter. Pennsylvania Trust Co bought a new position in shares of Aetna in the 2nd quarter valued at $328,000. Atria Investments LLC lifted its stake in shares of Aetna by 18.5% in the 2nd quarter. Atria Investments LLC now owns 11,413 shares of the company’s stock valued at $2,094,000 after acquiring an additional 1,779 shares during the last quarter. Central Bank & Trust Co. lifted its stake in shares of Aetna by 11.4% in the 2nd quarter. Central Bank & Trust Co. now owns 11,808 shares of the company’s stock valued at $2,167,000 after acquiring an additional 1,211 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of Aetna by 3.0% in the 2nd quarter. World Asset Management Inc now owns 21,818 shares of the company’s stock valued at $4,004,000 after acquiring an additional 640 shares during the last quarter. 83.46% of the stock is currently owned by institutional investors.
AET has been the subject of a number of research reports. Cantor Fitzgerald cut Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price target for the company. in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded Aetna from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Credit Suisse Group dropped their price target on Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Piper Jaffray Companies cut Aetna from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $212.00 to $206.00 in a research note on Tuesday, October 30th. Finally, Citigroup increased their price target on Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $204.55.
Aetna (NYSE:AET) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $2.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.13. The business had revenue of $15.48 billion during the quarter, compared to the consensus estimate of $15.40 billion. Aetna had a return on equity of 20.78% and a net margin of 5.99%. Aetna’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 earnings per share. On average, sell-side analysts anticipate that Aetna Inc will post 11.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were issued a $0.50 dividend. The ex-dividend date was Tuesday, October 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. Aetna’s payout ratio is 20.28%.
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Aetna Company Profile
Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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