Traders sold shares of Aetna Inc (NYSE:AET) on strength during trading on Tuesday. $82.72 million flowed into the stock on the tick-up and $102.52 million flowed out of the stock on the tick-down, for a money net flow of $19.80 million out of the stock. Of all stocks tracked, Aetna had the 27th highest net out-flow for the day. Aetna traded up $0.37 for the day and closed at $177.44
A number of analysts have weighed in on the company. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group reiterated a “hold” rating and set a $205.00 price target on shares of Aetna in a report on Wednesday, January 31st. Credit Suisse Group increased their price target on Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Citigroup downgraded Aetna from a “buy” rating to a “neutral” rating and increased their price target for the stock from $187.89 to $212.00 in a report on Wednesday, January 31st. Finally, Cowen reiterated a “buy” rating and set a $212.00 price target on shares of Aetna in a report on Tuesday, January 30th. Nine 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 an average target price of $189.50.
The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.52. The company has a market cap of $58,010.00, a P/E ratio of 29.33, a P/E/G ratio of 1.43 and a beta of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 11th. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. Aetna’s dividend payout ratio (DPR) is currently 33.06%.
A number of hedge funds have recently added to or reduced their stakes in AET. Focused Wealth Management Inc boosted its stake in Aetna by 84.5% during the 4th quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock valued at $118,000 after purchasing an additional 300 shares during the last quarter. Cerebellum GP LLC acquired a new position in Aetna during the 4th quarter valued at about $125,000. James Hambro & Partners acquired a new position in Aetna during the 4th quarter valued at about $158,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Aetna during the 4th quarter valued at about $180,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Aetna during the 4th quarter valued at about $182,000. Institutional investors and hedge funds own 87.34% of the company’s stock.
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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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