Nisa Investment Advisors LLC cut its holdings in shares of Aetna Inc (NYSE:AET) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 139,713 shares of the company’s stock after selling 4,033 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aetna were worth $25,203,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AET. Stephens Inc. AR lifted its position in shares of Aetna by 5.6% in the 2nd quarter. Stephens Inc. AR now owns 7,996 shares of the company’s stock worth $1,214,000 after purchasing an additional 427 shares during the period. Seven Eight Capital LP acquired a new position in shares of Aetna in the 2nd quarter worth approximately $1,030,000. Norinchukin Bank The lifted its position in shares of Aetna by 0.7% in the 2nd quarter. Norinchukin Bank The now owns 23,018 shares of the company’s stock worth $3,495,000 after purchasing an additional 164 shares during the period. Comerica Securities Inc. acquired a new position in shares of Aetna in the 2nd quarter worth approximately $419,000. Finally, Nationwide Fund Advisors lifted its position in shares of Aetna by 7.1% in the 2nd quarter. Nationwide Fund Advisors now owns 221,774 shares of the company’s stock worth $33,672,000 after purchasing an additional 14,676 shares during the period. Hedge funds and other institutional investors own 87.80% of the company’s stock.
A number of research analysts have recently issued reports on AET shares. Citigroup boosted their price target on shares of Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Thursday, October 12th. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Morgan Stanley downgraded shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target on the stock. in a research report on Wednesday, December 20th. Finally, Jefferies Group boosted their price target on shares of Aetna from $163.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Aetna presently has an average rating of “Buy” and an average target price of $172.64.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.39. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. Aetna’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 EPS. equities research analysts anticipate that Aetna Inc will post 9.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. Aetna’s dividend payout ratio is currently 36.97%.
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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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