Asset Management One Co. Ltd. Has $87.63 Million Position in Aetna Inc. (AET)
Asset Management One Co. Ltd. lowered its stake in shares of Aetna Inc. (NYSE:AET) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,484 shares of the company’s stock after selling 16,835 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Aetna worth $87,629,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bruderman Asset Management LLC bought a new position in shares of Aetna in the 2nd quarter valued at $106,000. Lloyds Banking Group plc bought a new position in shares of Aetna in the 3rd quarter valued at $106,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Aetna in the 3rd quarter valued at $116,000. Westside Investment Management Inc. lifted its stake in shares of Aetna by 53.5% in 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 last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Aetna in the 2nd quarter valued at $182,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.
AET has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 price target (up from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Morgan Stanley increased their price target on Aetna from $172.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 17th. Argus reiterated a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of Aetna in a research note on Tuesday, September 12th. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group raised their target price on Aetna from $163.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $174.14.
Shares of Aetna Inc. (AET) opened at $178.69 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $58,274.07, a PE ratio of 17.50, a PEG ratio of 1.63 and a beta of 0.61. Aetna Inc. has a 12 month low of $116.04 and a 12 month high of $192.37.
Aetna (NYSE:AET) last issued its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business posted $2.07 EPS. analysts anticipate 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 of this dividend is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. Aetna’s dividend payout ratio is presently 37.04%.
In other Aetna news, President Karen S. Lynch sold 15,271 shares of Aetna stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the completion of the transaction, the president now owns 64,261 shares in the company, valued at approximately $10,404,498.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margaret M. Mccarthy sold 10,288 shares of Aetna stock in a transaction dated 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 transaction, the executive vice president now owns 33,563 shares of the company’s stock, valued at approximately $5,465,734.55. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
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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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