Mn Services Vermogensbeheer B.V. Sells 3,800 Shares of Aetna Inc. (AET)
Mn Services Vermogensbeheer B.V. decreased its position in shares of Aetna Inc. (NYSE:AET) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,699 shares of the company’s stock after selling 3,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Aetna were worth $8,698,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AET. Bruderman Asset Management LLC acquired a new position in Aetna during the 2nd quarter worth about $106,000. Liberty Capital Management Inc. lifted its holdings in Aetna by 206.9% during the 2nd quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after buying an additional 629 shares during the period. Westside Investment Management Inc. lifted its holdings in Aetna by 53.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock worth $177,000 after buying an additional 400 shares during the period. Phocas Financial Corp. acquired a new position in Aetna during the 2nd quarter worth about $182,000. Finally, Highstreet Asset Management Inc. lifted its holdings in Aetna by 105.5% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,243 shares of the company’s stock worth $198,000 after buying an additional 638 shares during the period. 91.06% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on AET shares. Jefferies Group LLC lifted their price objective on Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. lifted their price objective on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price objective (up from $150.00) on shares of Aetna in a research report on Wednesday, August 9th. Finally, Credit Suisse Group started coverage on Aetna in a research report on Thursday. They issued a “neutral” rating and a $174.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $170.34.
Shares of Aetna Inc. (AET) traded up $0.17 on Monday, reaching $177.16. The company’s stock had a trading volume of 909,165 shares, compared to its average volume of 2,934,238. 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 cap of $57,716.44, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.61 and a beta of 0.61. Aetna Inc. has a 1 year low of $105.39 and a 1 year high of $184.98.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.12 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. analysts expect that Aetna Inc. will post 9.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. Aetna’s payout ratio is presently 37.04%.
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In other news, 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 in the company, valued at approximately $5,465,734.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value 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 disclosure for this sale can be found here. 1.14% of the stock is owned by 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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