First Business Financial Services Inc. increased its position in Aetna Inc. (NYSE:AET) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,550 shares of the company’s stock after buying an additional 425 shares during the quarter. First Business Financial Services Inc.’s holdings in Aetna were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America increased its stake in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after buying an additional 9 shares during the period. Financial Architects Inc increased its stake in shares of Aetna by 1.8% in the second quarter. Financial Architects Inc now owns 1,746 shares of the company’s stock worth $265,000 after buying an additional 31 shares during the period. Wedbush Securities Inc. increased its stake in shares of Aetna by 1.4% in the second quarter. Wedbush Securities Inc. now owns 3,779 shares of the company’s stock worth $574,000 after buying an additional 52 shares during the period. Calamos Wealth Management LLC increased its stake in shares of Aetna by 0.7% in the second quarter. Calamos Wealth Management LLC now owns 8,919 shares of the company’s stock worth $1,354,000 after buying an additional 65 shares during the period. Finally, HM Payson & Co. increased its stake in shares of Aetna by 0.5% in the first quarter. HM Payson & Co. now owns 12,861 shares of the company’s stock worth $1,641,000 after buying an additional 69 shares during the period. 89.45% of the stock is currently owned by institutional investors.
Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Aetna from $175.00 to $200.00 and gave the stock a “market perform” rating in a research note on Friday. Cantor Fitzgerald downgraded shares of Aetna from an “overweight” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “strong-buy” rating and set a $184.00 target price on the stock in a research note on Wednesday, October 25th. Jefferies Group LLC lifted their target price on shares of Aetna from $163.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Finally, Argus reaffirmed a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of Aetna in a research note on Tuesday, September 12th. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.67.
Shares of Aetna Inc. (AET) traded down 0.153% during mid-day trading on Monday, hitting $172.855. 1,079,708 shares of the stock were exchanged. The firm has a market cap of $57.41 billion, a P/E ratio of 38.370 and a beta of 0.53. The stock’s 50 day moving average is $159.32 and its 200 day moving average is $151.29. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $184.98.
Aetna (NYSE:AET) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating the consensus estimate of $2.34 by $1.08. The firm had revenue of $15.52 billion for the quarter, compared to analyst estimates of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share. Analysts expect that Aetna Inc. will post $9.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. Aetna’s dividend payout ratio is currently 43.67%.
In related news, President Karen S. Lynch sold 15,271 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the sale, the president now owns 64,261 shares of the company’s stock, valued at $10,404,498.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 33,563 shares in the company, valued at approximately $5,465,734.55. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
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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