Penobscot Investment Management Company Inc. boosted its position in Aetna Inc. (NYSE:AET) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the company’s stock after buying an additional 250 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Aetna were worth $1,731,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AET. Parametrica Management Ltd purchased a new stake in shares of Aetna during the first quarter worth about $212,000. Fox Run Management L.L.C. increased its stake in shares of Aetna by 31.8% in the first quarter. Fox Run Management L.L.C. now owns 2,900 shares of the company’s stock worth $370,000 after buying an additional 700 shares in the last quarter. Telemus Capital LLC increased its stake in shares of Aetna by 11.8% in the first quarter. Telemus Capital LLC now owns 7,739 shares of the company’s stock worth $987,000 after buying an additional 817 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Aetna by 20.8% in the first quarter. DnB Asset Management AS now owns 118,671 shares of the company’s stock worth $15,136,000 after buying an additional 20,400 shares in the last quarter. Finally, Benin Management CORP purchased a new stake in shares of Aetna during the first quarter worth about $250,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Aetna Inc. (NYSE AET) opened at 155.81 on Friday. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69. The firm has a 50-day moving average of $154.74 and a 200 day moving average of $140.10. The stock has a market cap of $51.74 billion, a PE ratio of 34.59 and a beta of 0.54.
Aetna (NYSE:AET) last released its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $1.08. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The company had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Aetna Inc. will post $9.55 EPS for the current year.
AET has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $145.00 price target on shares of Aetna in a report on Monday, April 24th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price target (up previously from $140.00) on shares of Aetna in a report on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating and set a $150.00 price target (up previously from $130.00) on shares of Aetna in a report on Wednesday, May 3rd. Jefferies Group LLC restated a “hold” rating and set a $140.00 price target (up previously from $133.00) on shares of Aetna in a report on Wednesday, May 3rd. Finally, Cleveland Research upgraded shares of Aetna from a “neutral” rating to a “buy” rating in a report on Thursday, May 11th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $157.99.
In other news, EVP Margaret M. Mccarthy sold 27,028 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the sale, the executive vice president now owns 33,563 shares of the company’s stock, valued at $5,008,606.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.
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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