AlphaStar Capital Management LLC Takes Position in Aetna Inc (AET)
AlphaStar Capital Management LLC acquired a new stake in Aetna Inc (NYSE:AET) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,832 shares of the company’s stock, valued at approximately $291,000.
Several other large investors have also recently bought and sold shares of the company. Lloyds Banking Group plc acquired a new position in shares of Aetna during the 3rd quarter valued at $106,000. Bruderman Asset Management LLC acquired a new position in shares of Aetna during the 2nd quarter valued at $106,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Aetna during the 3rd quarter valued at $116,000. Westside Investment Management Inc. lifted its position in shares of Aetna by 53.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock valued at $177,000 after acquiring an additional 400 shares during the period. Finally, Phocas Financial Corp. acquired a new position in shares of Aetna during the 2nd quarter valued at $182,000. 88.01% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on AET shares. Argus reiterated a “buy” rating and set a $185.00 target price (up previously from $165.00) on shares of Aetna in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a report on Thursday, October 12th. Citigroup upped their price objective on shares of Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Jefferies Group upped their price objective on shares of Aetna from $163.00 to $165.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $187.00 price objective on shares of Aetna in a report on Friday, November 3rd. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $175.19.
Shares of Aetna Inc (NYSE:AET) opened at $182.73 on Monday. Aetna Inc has a one year low of $116.04 and a one year high of $192.37. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock has a market cap of $59,590.00, a price-to-earnings ratio of 17.90, a PEG ratio of 1.67 and a beta of 0.61.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. research analysts expect that Aetna Inc will post 9.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. Aetna’s payout ratio is 36.97%.
In related news, EVP Margaret M. Mccarthy sold 10,288 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the transaction, the executive vice president now owns 33,563 shares in the company, valued at $5,465,734.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Karen S. Lynch sold 15,271 shares of the stock in a transaction dated 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 transaction, the president now owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.
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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