Aetna Inc. (AET) Shares Bought by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board grew its holdings in Aetna Inc. (NYSE:AET) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 740,833 shares of the company’s stock after acquiring an additional 112,700 shares during the period. Canada Pension Plan Investment Board owned about 0.22% of Aetna worth $117,800,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America lifted its position in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock valued at $173,000 after acquiring an additional 9 shares in the last quarter. Financial Architects Inc lifted its position in shares of Aetna by 1.8% in the second quarter. Financial Architects Inc now owns 1,746 shares of the company’s stock worth $265,000 after buying an additional 31 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Aetna by 1.4% in the second quarter. Wedbush Securities Inc. now owns 3,779 shares of the company’s stock worth $574,000 after buying an additional 52 shares in the last quarter. Calamos Wealth Management LLC lifted its position in shares of Aetna by 0.7% in the second quarter. Calamos Wealth Management LLC now owns 8,919 shares of the company’s stock worth $1,354,000 after buying an additional 65 shares in the last quarter. Finally, HM Payson & Co. lifted its position in shares of Aetna by 0.5% in the first quarter. HM Payson & Co. now owns 12,861 shares of the company’s stock worth $1,641,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.
In other news, EVP Margaret M. Mccarthy sold 10,288 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $162.85, for a total value of $1,675,400.80. Following the sale, the executive vice president now directly owns 33,563 shares in the company, valued at $5,465,734.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karen S. Lynch sold 15,271 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the completion of the sale, the president now owns 64,261 shares in the company, valued at $10,404,498.51. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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Several equities research analysts have weighed in on AET shares. Jefferies Group LLC boosted their price objective on Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday. Citigroup Inc. boosted their price objective on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 price objective on shares of Aetna in a research note on Monday, October 23rd. Finally, BMO Capital Markets boosted their price objective on Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $165.62.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.12 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, October 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 annualized dividend and a yield of 1.18%. Aetna’s payout ratio is currently 37.04%.
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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