State Board of Administration of Florida Retirement System raised its position in Aetna Inc (NYSE:AET) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 462,997 shares of the company’s stock after purchasing an additional 1,009 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Aetna were worth $84,960,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Pensionfund Sabic purchased a new stake in Aetna in the 2nd quarter worth about $2,569,000. Kaizen Advisory LLC increased its position in shares of Aetna by 143.9% during the second quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock worth $141,000 after acquiring an additional 452 shares during the period. Pegasus Partners Ltd. increased its position in shares of Aetna by 12.8% during the second quarter. Pegasus Partners Ltd. now owns 11,285 shares of the company’s stock worth $2,071,000 after acquiring an additional 1,284 shares during the period. Pinnacle Financial Partners Inc. purchased a new position in shares of Aetna during the first quarter worth approximately $1,608,000. Finally, World Asset Management Inc increased its position in shares of Aetna by 3.0% during the second quarter. World Asset Management Inc now owns 21,818 shares of the company’s stock worth $4,004,000 after acquiring an additional 640 shares during the period. 85.40% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on AET shares. Zacks Investment Research raised shares of Aetna from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. ValuEngine lowered shares of Aetna from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Credit Suisse Group reduced their target price on shares of Aetna from $208.00 to $194.00 and set a “neutral” rating on the stock in a research report on Monday, May 14th. Finally, Cantor Fitzgerald raised shares of Aetna from a “neutral” rating to an “overweight” rating in a research report on Tuesday, May 1st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Aetna presently has an average rating of “Buy” and a consensus target price of $200.38.
Aetna (NYSE:AET) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.39. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $15.59 billion. Aetna had a net margin of 5.77% and a return on equity of 20.66%. Aetna’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $3.42 earnings per share. sell-side analysts anticipate that Aetna Inc will post 11.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Investors of record on Wednesday, July 25th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, July 24th. Aetna’s payout ratio is 20.28%.
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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