Kiwi Wealth Investments Limited Partnership boosted its stake in shares of Aetna (NYSE:AET) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,851 shares of the company’s stock after buying an additional 7,264 shares during the quarter. Aetna makes up 1.3% of Kiwi Wealth Investments Limited Partnership’s portfolio, making the stock its 18th largest position. Kiwi Wealth Investments Limited Partnership’s holdings in Aetna were worth $13,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its holdings in Aetna by 263.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 600 shares of the company’s stock valued at $101,000 after buying an additional 435 shares in the last quarter. Focused Wealth Management Inc lifted its holdings 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 buying an additional 300 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in Aetna during the 1st quarter valued at about $118,000. Centaurus Financial Inc. bought a new stake in shares of Aetna in the 1st quarter valued at about $128,000. Finally, James Hambro & Partners bought a new stake in shares of Aetna in the 4th quarter valued at about $158,000. Institutional investors own 84.99% of the company’s stock.
Shares of Aetna stock opened at $187.57 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Aetna has a 52-week low of $148.45 and a 52-week high of $194.40. The company has a market capitalization of $59.55 billion, a PE ratio of 19.02, a PEG ratio of 1.54 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Wednesday, July 25th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, July 24th. Aetna’s payout ratio is currently 20.28%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Aetna from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Cantor Fitzgerald upgraded shares of Aetna from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 1st. ValuEngine lowered shares of Aetna from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Finally, Credit Suisse Group reduced their price target on shares of Aetna from $208.00 to $194.00 and set a “neutral” rating for the company in a report on Monday, May 14th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $196.36.
Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.
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