Fjarde AP Fonden Fourth Swedish National Pension Fund Has $12.47 Million Holdings in Aetna Inc. (AET)
Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Aetna Inc. (NYSE:AET) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,421 shares of the company’s stock after selling 5,582 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aetna were worth $12,470,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Aetna by 73.8% during the 2nd quarter. FMR LLC now owns 13,736,800 shares of the company’s stock worth $2,085,659,000 after buying an additional 5,833,567 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Aetna by 9,446.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,328,900 shares of the company’s stock worth $657,255,000 after buying an additional 4,283,553 shares in the last quarter. Capital World Investors raised its stake in shares of Aetna by 8.9% during the 2nd quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock worth $3,153,358,000 after buying an additional 1,688,767 shares in the last quarter. Samlyn Capital LLC purchased a new position in shares of Aetna during the 2nd quarter worth approximately $77,170,000. Finally, Harbour Capital Advisors LLC raised its stake in shares of Aetna by 15,083.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 504,076 shares of the company’s stock worth $3,320,000 after buying an additional 500,756 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on AET. Cantor Fitzgerald downgraded Aetna from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. BMO Capital Markets raised their price objective on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Raymond James Financial, Inc. raised Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $187.00 price objective on shares of Aetna in a research note on Friday, November 3rd. Finally, Jefferies Group LLC raised their price objective on Aetna from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $172.36.
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Aetna Inc. (NYSE AET) traded down $1.19 during trading hours on Wednesday, reaching $171.83. The company had a trading volume of 1,429,000 shares, compared to its average volume of 2,441,657. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. Aetna Inc. has a fifty-two week low of $116.04 and a fifty-two week high of $184.98. The firm has a market capitalization of $56,421.82, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61.
Aetna (NYSE:AET) last issued its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. Aetna’s quarterly revenue was down 5.0% compared to the same quarter last year. analysts expect that Aetna Inc. will post 9.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, October 12th were paid a $0.50 dividend. The ex-dividend date was Wednesday, October 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.16%. Aetna’s payout ratio is currently 37.04%.
In other news, President Karen S. Lynch sold 15,271 shares of the business’s stock in a transaction that occurred on 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 directly owns 64,261 shares in the company, valued at $10,404,498.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was 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 $5,465,734.55. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.
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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