Ontario Teachers Pension Plan Board reduced its position in Aetna Inc (NYSE:AET) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,955 shares of the company’s stock after selling 10,082 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Aetna were worth $9,372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AET. Cetera Advisors LLC grew its position in shares of Aetna by 3.3% during the fourth quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock worth $1,573,000 after buying an additional 279 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Aetna by 0.4% during the third quarter. Hartford Investment Management Co. now owns 79,409 shares of the company’s stock worth $12,627,000 after buying an additional 291 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Aetna by 2.2% during the fourth quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock worth $2,487,000 after purchasing an additional 298 shares during the last quarter. Violich Capital Management Inc. lifted its stake in Aetna by 0.4% during the third 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 during the last quarter. Finally, FCA Corp TX lifted its stake in Aetna by 2.5% during the third quarter. FCA Corp TX now owns 12,530 shares of the company’s stock worth $1,992,000 after purchasing an additional 300 shares during the last quarter. 84.88% of the stock is owned by institutional investors.
Shares of Aetna Inc (NYSE AET) opened at $178.03 on Wednesday. Aetna Inc has a 52 week low of $124.84 and a 52 week high of $194.40. The company has a current ratio of 1.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $58,362.50, a P/E ratio of 30.96, a PEG ratio of 1.45 and a beta of 0.60.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Aetna had a return on equity of 21.50% and a net margin of 3.15%. The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $14.79 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. research analysts forecast that Aetna Inc will post 10.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is presently 34.78%.
Several equities research analysts recently weighed in on AET shares. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies upgraded Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 target price for the company in a research note on Wednesday, January 3rd. Argus cut Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research note on Wednesday, December 6th. Morgan Stanley cut Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price objective for the company. in a research note on Wednesday, December 20th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $195.00 price objective (up previously from $174.00) on shares of Aetna in a research note on Wednesday, December 6th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $189.50.
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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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