Renaissance Group LLC decreased its holdings in Aetna Inc (NYSE:AET) by 9.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 222,472 shares of the company’s stock after selling 22,107 shares during the period. Aetna makes up 1.4% of Renaissance Group LLC’s portfolio, making the stock its 4th largest holding. Renaissance Group LLC’s holdings in Aetna were worth $40,132,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Bedel Financial Consulting Inc. purchased a new stake in shares of Aetna during the 4th quarter valued at about $271,000. California Public Employees Retirement System increased its position in shares of Aetna by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 939,426 shares of the company’s stock valued at $169,463,000 after purchasing an additional 29,237 shares during the last quarter. Putnam FL Investment Management Co. increased its position in shares of Aetna by 218.9% during the 4th quarter. Putnam FL Investment Management Co. now owns 58,472 shares of the company’s stock valued at $10,548,000 after purchasing an additional 40,139 shares during the last quarter. Price Capital Management Inc. purchased a new stake in shares of Aetna during the 4th quarter valued at about $1,602,000. Finally, ING Groep NV increased its position in shares of Aetna by 165.6% during the 4th quarter. ING Groep NV now owns 31,006 shares of the company’s stock valued at $5,593,000 after purchasing an additional 19,332 shares during the last quarter. 87.41% of the stock is owned by institutional investors and hedge funds.
Aetna Inc (AET) opened at $180.00 on Friday. Aetna Inc has a 52 week low of $121.01 and a 52 week high of $194.40. The company has a quick ratio of 0.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $59,310.93, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.60.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 11th were given 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 1.11%. Aetna’s dividend payout ratio is currently 34.78%.
Several equities research analysts have recently commented on the stock. Citigroup lowered shares of Aetna from a “buy” rating to a “neutral” rating and upped their price target for the company from $187.89 to $212.00 in a research report on Wednesday, January 31st. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Credit Suisse Group upped their price target on shares of Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, Cowen reiterated a “buy” rating and set a $212.00 price objective on shares of Aetna in a research note on Tuesday, January 30th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Aetna presently has a consensus rating of “Buy” and a consensus target price of $185.94.
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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