ClariVest Asset Management LLC cut its position in shares of Aetna Inc. (NYSE:AET) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,781 shares of the company’s stock after selling 9,876 shares during the period. ClariVest Asset Management LLC owned approximately 0.07% of Aetna worth $36,696,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. State of Tennessee Treasury Department increased its position in shares of Aetna by 26.3% during the second quarter. State of Tennessee Treasury Department now owns 557,814 shares of the company’s stock valued at $84,692,000 after acquiring an additional 116,280 shares during the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of Aetna during the second quarter valued at about $10,567,000. Pictet & Cie Europe SA acquired a new stake in shares of Aetna during the second quarter valued at about $2,269,000. NBT Bank N A NY acquired a new stake in shares of Aetna during the second quarter valued at about $215,000. Finally, Eaton Vance Management increased its position in shares of Aetna by 18.3% during the second quarter. Eaton Vance Management now owns 1,050,685 shares of the company’s stock valued at $159,526,000 after acquiring an additional 162,502 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
In other Aetna news, EVP Margaret M. Mccarthy sold 10,288 shares of the business’s stock in a transaction on Friday, September 15th. The shares were 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 directly owns 33,563 shares of the company’s stock, valued at approximately $5,465,734.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Karen S. Lynch sold 15,271 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the completion of the transaction, the president now directly owns 64,261 shares in the company, valued at $10,404,498.51. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
AET has been the subject of a number of recent analyst reports. BidaskClub cut shares of Aetna from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada lifted their price target on shares of Aetna from $162.00 to $171.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $163.00 price objective (up previously from $157.00) on shares of Aetna in a report on Friday, August 4th. Deutsche Bank AG lifted their price objective on shares of Aetna from $157.00 to $163.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective (up previously from $150.00) on shares of Aetna in a report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $172.36.
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Aetna Inc. (NYSE:AET) traded down $0.83 during mid-day trading on Thursday, reaching $171.00. 1,719,700 shares of the company traded hands, compared to its average volume of 2,438,387. Aetna Inc. has a 1 year low of $116.04 and a 1 year high of $184.98. The stock has a market cap of $56,033.77, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53.
Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.12 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. Aetna’s revenue for the quarter was down 5.0% on a year-over-year basis. research analysts anticipate that Aetna Inc. will post 9.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Thursday, October 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 annualized dividend and a yield of 1.17%. Aetna’s dividend payout ratio (DPR) is 37.04%.
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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