Icon Wealth Partners LLC Buys Shares of 1,266 Aetna Inc (AET)
Icon Wealth Partners LLC bought a new position in Aetna Inc (NYSE:AET) in the fourth quarter, HoldingsChannel reports. The firm bought 1,266 shares of the company’s stock, valued at approximately $228,000.
Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Aetna by 4.2% in the third quarter. Wells Fargo & Company MN now owns 1,365,596 shares of the company’s stock worth $217,144,000 after acquiring an additional 54,928 shares during the last quarter. Fayez Sarofim & Co. lifted its holdings in shares of Aetna by 82.8% in the third quarter. Fayez Sarofim & Co. now owns 7,427 shares of the company’s stock worth $1,181,000 after acquiring an additional 3,365 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Aetna by 9.4% in the third quarter. California Public Employees Retirement System now owns 910,189 shares of the company’s stock worth $144,729,000 after acquiring an additional 78,363 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Aetna by 3.6% in the third quarter. Prudential Financial Inc. now owns 1,089,269 shares of the company’s stock worth $173,205,000 after acquiring an additional 38,223 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Aetna by 2.9% in the third quarter. Commonwealth Bank of Australia now owns 45,887 shares of the company’s stock worth $7,290,000 after acquiring an additional 1,291 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on AET shares. Piper Jaffray Companies reissued a “hold” rating and issued a $187.00 target price on shares of Aetna in a report on Friday, November 3rd. Credit Suisse Group increased their target price on shares of Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Jefferies Group reaffirmed a “hold” rating and issued a $205.00 price objective on shares of Aetna in a research note on Wednesday, January 31st. Argus downgraded Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective for the company. in a research note on Wednesday, December 6th. Finally, Cowen reaffirmed a “buy” rating and issued a $212.00 price objective on shares of Aetna in a research note on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Aetna has an average rating of “Buy” and a consensus target price of $189.50.
Aetna (NYSE:AET) last released its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $14.79 billion. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. equities research analysts forecast that Aetna Inc will post 10.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, April 12th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 11th. Aetna’s dividend payout ratio is presently 33.06%.
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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