Aetna Inc. (AET) Position Cut by Empirical Finance LLC

Empirical Finance LLC lowered its holdings in shares of Aetna Inc. (NYSE:AET) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,027 shares of the company’s stock after selling 533 shares during the quarter. Aetna accounts for 1.0% of Empirical Finance LLC’s portfolio, making the stock its 12th biggest holding. Empirical Finance LLC’s holdings in Aetna were worth $2,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AET. ING Groep NV bought a new stake in Aetna during the 1st quarter valued at $3,453,000. State Treasurer State of Michigan raised its position in Aetna by 0.7% during the 1st quarter. State Treasurer State of Michigan now owns 115,534 shares of the company’s stock valued at $14,736,000 after purchasing an additional 800 shares in the last quarter. Tyers Asset Management LLC raised its position in Aetna by 0.4% during the 1st quarter. Tyers Asset Management LLC now owns 31,824 shares of the company’s stock valued at $4,059,000 after purchasing an additional 112 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Aetna by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,031,486 shares of the company’s stock valued at $131,566,000 after purchasing an additional 12,813 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Aetna during the 1st quarter valued at $133,000. Institutional investors own 89.58% of the company’s stock.

Aetna Inc. (NYSE AET) traded up 0.153% during mid-day trading on Tuesday, reaching $163.459. The company’s stock had a trading volume of 779,921 shares. The stock’s 50 day moving average is $156.27 and its 200 day moving average is $144.19. The firm has a market cap of $54.28 billion, a PE ratio of 36.284 and a beta of 0.53. Aetna Inc. has a one year low of $104.59 and a one year high of $164.52.

Aetna (NYSE:AET) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.34 by $1.08. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The company had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period last year, the firm earned $2.21 earnings per share. Aetna’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Aetna Inc. will post $9.54 EPS for the current year.

AET has been the subject of a number of research analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $168.00 target price (up from $160.00) on shares of Aetna in a research report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $163.00 target price (up from $157.00) on shares of Aetna in a research report on Friday, August 4th. Morgan Stanley initiated coverage on Aetna in a research report on Tuesday, June 6th. They set an “overweight” rating and a $162.00 target price for the company. Zacks Investment Research raised Aetna from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, July 4th. Finally, Deutsche Bank AG lifted their target price on Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Aetna has a consensus rating of “Buy” and a consensus target price of $159.04.

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About Aetna

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.

Institutional Ownership by Quarter for Aetna (NYSE:AET)

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