Pennsylvania Trust Co Buys Shares of 1,110 Aetna Inc (AET)
Pennsylvania Trust Co bought a new stake in shares of Aetna Inc (NYSE:AET) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,110 shares of the company’s stock, valued at approximately $200,000.
Several other institutional investors have also added to or reduced their stakes in AET. Veritable L.P. raised its position in shares of Aetna by 0.9% during the 2nd quarter. Veritable L.P. now owns 10,763 shares of the company’s stock valued at $1,634,000 after acquiring an additional 94 shares in the last quarter. National Asset Management Inc. raised its position in shares of Aetna by 4.3% during the 2nd quarter. National Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $436,000 after acquiring an additional 119 shares in the last quarter. MML Investors Services LLC raised its position in shares of Aetna by 1.6% during the 2nd quarter. MML Investors Services LLC now owns 11,130 shares of the company’s stock valued at $1,690,000 after acquiring an additional 172 shares in the last quarter. San Francisco Sentry Investment Group CA raised its position in shares of Aetna by 10.4% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,290 shares of the company’s stock valued at $347,000 after acquiring an additional 216 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of Aetna by 3.2% during the 2nd quarter. D.A. Davidson & CO. now owns 7,341 shares of the company’s stock valued at $1,114,000 after acquiring an additional 225 shares in the last quarter. Institutional investors own 87.69% of the company’s stock.
Several equities research analysts recently issued reports on AET shares. Piper Jaffray Companies reissued a “hold” rating and set a $187.00 price target on shares of Aetna in a research report on Friday, November 3rd. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus lowered Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research report on Wednesday, December 6th. BMO Capital Markets increased their target price on Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Cantor Fitzgerald lowered Aetna from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Twelve 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 has a consensus rating of “Buy” and a consensus price target of $172.64.
Aetna Inc (AET) opened at $187.80 on Friday. The company has a market capitalization of $60,501.70, a price-to-earnings ratio of 34.78, a PEG ratio of 1.59 and a beta of 0.61. The company has a current ratio of 0.53, a quick 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 $192.37.
Aetna (NYSE:AET) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.07 earnings per share. sell-side analysts predict that Aetna Inc will post 9.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is 37.04%.
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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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