Shelton Capital Management Decreases Holdings in Aetna Inc (AET)
Shelton Capital Management cut its stake in Aetna Inc (NYSE:AET) by 77.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,668 shares of the company’s stock after selling 15,900 shares during the quarter. Shelton Capital Management’s holdings in Aetna were worth $842,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. National Asset Management Inc. raised its holdings in Aetna by 4.3% in the 2nd quarter. National Asset Management Inc. now owns 2,859 shares of the company’s stock worth $436,000 after purchasing an additional 119 shares in the last quarter. Advisory Services Network LLC raised its holdings in Aetna by 16.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,780 shares of the company’s stock worth $270,000 after purchasing an additional 248 shares in the last quarter. Hartford Investment Management Co. raised its holdings in Aetna by 0.4% in the 3rd quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock worth $12,627,000 after purchasing an additional 291 shares in the last quarter. Violich Capital Management Inc. raised its holdings in Aetna by 0.4% in the 3rd quarter. Violich Capital Management Inc. now owns 70,375 shares of the company’s stock worth $11,190,000 after purchasing an additional 299 shares in the last quarter. Finally, FCA Corp TX raised its holdings in Aetna by 2.5% in the 3rd quarter. FCA Corp TX now owns 12,530 shares of the company’s stock worth $1,992,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.
AET has been the subject of several research reports. Citigroup upped their price objective on shares of Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank upgraded shares of Aetna from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $212.00 in a report on Monday, January 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $212.00 price target on shares of Aetna in a research note on Tuesday, January 30th. Finally, Cowen reiterated a “buy” rating and issued a $212.00 price target on shares of Aetna in a research note on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $185.94.
Aetna (NYSE:AET) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The company had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same period in the prior year, the firm posted $0.08 EPS. Aetna’s revenue for the quarter was down 6.2% on a year-over-year basis. equities analysts predict that Aetna Inc will post 10.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Thursday, January 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is 34.78%.
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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