Lingohr & Partner Asset Management GmbH Invests $1.82 Million in Aetna Inc. (AET) Stock
Lingohr & Partner Asset Management GmbH purchased a new position in Aetna Inc. (NYSE:AET) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,600 shares of the company’s stock, valued at approximately $1,815,000. Aetna comprises about 0.9% of Lingohr & Partner Asset Management GmbH’s portfolio, making the stock its 20th largest position.
A number of other institutional investors have also recently made changes to their positions in the business. Sei Investments Co. grew its holdings in Aetna by 24.9% in the 3rd quarter. Sei Investments Co. now owns 229,345 shares of the company’s stock worth $36,469,000 after acquiring an additional 45,761 shares during the last quarter. HL Financial Services LLC grew its holdings in Aetna by 26.9% in the 3rd quarter. HL Financial Services LLC now owns 6,782 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,439 shares during the last quarter. FDx Advisors Inc. grew its holdings in Aetna by 20.7% in the 3rd quarter. FDx Advisors Inc. now owns 10,371 shares of the company’s stock worth $1,649,000 after acquiring an additional 1,777 shares during the last quarter. Global X MANAGEMENT CO LLC grew its holdings in Aetna by 14.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 8,953 shares of the company’s stock worth $1,424,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in Aetna by 23.3% in the 3rd quarter. Alps Advisors Inc. now owns 3,838 shares of the company’s stock worth $610,000 after acquiring an additional 725 shares during the last quarter. 91.06% of the stock is currently owned by institutional investors and hedge funds.
Aetna Inc. (NYSE AET) traded up $2.59 during trading hours on Friday, reaching $175.12. 2,240,900 shares of the company’s stock were exchanged, compared to its average volume of 3,100,742. The company has a market cap of $57,106.63, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. Aetna Inc. has a 1-year low of $116.04 and a 1-year high of $184.98.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. Aetna’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $2.07 EPS. sell-side analysts anticipate that Aetna Inc. will post 9.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Thursday, October 12th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.14%. Aetna’s dividend payout ratio is currently 37.04%.
A number of equities research analysts have issued reports on AET shares. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and issued a $163.00 price target (up previously from $157.00) on shares of Aetna in a report on Friday, August 4th. Deutsche Bank AG raised their price target on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, August 7th. BMO Capital Markets initiated coverage on shares of Aetna in a report on Monday, October 16th. They issued a “market perform” rating and a $175.00 price target on the stock. Finally, Royal Bank Of Canada raised their target price on shares of Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $170.34.
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In other Aetna news, President Karen S. Lynch sold 15,271 shares of the firm’s 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 completion of the sale, the president now directly owns 64,261 shares in the company, valued at approximately $10,404,498.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the firm’s 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 sale, 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. 0.90% of the stock is currently owned by company insiders.
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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