Kassirer Asset Management Corp purchased a new position in shares of Aetna Inc (NYSE:AET) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,446 shares of the company’s stock, valued at approximately $1,524,000. Aetna makes up approximately 1.6% of Kassirer Asset Management Corp’s investment portfolio, making the stock its 24th largest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AET. Orbimed Advisors LLC raised its holdings in Aetna by 57.3% during the third quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock worth $222,057,000 after purchasing an additional 508,600 shares in the last quarter. CI Investments Inc. purchased a new position in Aetna in the fourth quarter valued at about $87,552,000. Point72 Asset Management L.P. increased its holdings in Aetna by 233.9% in the third quarter. Point72 Asset Management L.P. now owns 429,353 shares of the company’s stock valued at $68,271,000 after buying an additional 300,753 shares in the last quarter. Ardevora Asset Management LLP purchased a new position in Aetna in the third quarter valued at about $35,507,000. Finally, Milestone Resources Group Ltd purchased a new position in Aetna in the fourth quarter valued at about $35,385,000. 87.41% of the stock is owned by hedge funds and other institutional investors.
Aetna Inc (NYSE:AET) opened at $182.01 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 1.68. Aetna Inc has a 12 month low of $119.51 and a 12 month high of $194.40. The firm has a market cap of $59,134.46, a P/E ratio of 31.65, a PEG ratio of 1.47 and a beta of 0.60.
The firm also recently disclosed 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. The ex-dividend date was Wednesday, January 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. Aetna’s dividend payout ratio (DPR) is 34.78%.
AET has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $187.00 target price on shares of Aetna in a report on Friday, November 3rd. Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Credit Suisse Group increased their target price on shares of Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Jefferies Group reaffirmed a “hold” rating and issued a $205.00 target price on shares of Aetna in a report on Wednesday, January 31st. Finally, Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a report on Wednesday, December 6th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Aetna has an average rating of “Buy” and a consensus price target of $185.94.
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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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