Spring Creek Capital LLC Has $15.11 Million Holdings in Aetna Inc (AET)

Spring Creek Capital LLC grew its stake in Aetna Inc (NYSE:AET) by 53.6% in the third quarter, Holdings Channel reports. The fund owned 74,500 shares of the company’s stock after acquiring an additional 26,000 shares during the period. Aetna accounts for 8.4% of Spring Creek Capital LLC’s holdings, making the stock its 5th largest position. Spring Creek Capital LLC’s holdings in Aetna were worth $15,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew its position in shares of Aetna by 17.2% during the 3rd quarter. FMR LLC now owns 9,063,094 shares of the company’s stock worth $1,838,448,000 after buying an additional 1,328,607 shares during the period. PointState Capital LP grew its position in shares of Aetna by 111.2% during the 2nd quarter. PointState Capital LP now owns 2,193,062 shares of the company’s stock worth $402,427,000 after buying an additional 1,154,818 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Aetna by 21.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,070,573 shares of the company’s stock worth $420,016,000 after buying an additional 364,121 shares during the period. Natixis grew its position in shares of Aetna by 41.3% during the 2nd quarter. Natixis now owns 1,235,009 shares of the company’s stock worth $226,023,000 after buying an additional 361,170 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Aetna by 258.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 483,961 shares of the company’s stock worth $88,808,000 after buying an additional 348,979 shares during the period. 82.34% of the stock is owned by institutional investors.

NYSE AET traded up $0.70 during trading on Monday, reaching $212.70. 11,862,705 shares of the stock traded hands, compared to its average volume of 3,688,920. The stock has a market cap of $69.64 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79. Aetna Inc has a fifty-two week low of $166.88 and a fifty-two week high of $213.36.

Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.13. The firm had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. Analysts predict that Aetna Inc will post 11.38 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on AET shares. Citigroup boosted their price objective on shares of Aetna from $202.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Piper Jaffray Companies cut shares of Aetna from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $212.00 to $206.00 in a report on Tuesday, October 30th. Credit Suisse Group decreased their price objective on shares of Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a report on Wednesday, November 28th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $204.00 price objective on shares of Aetna in a report on Tuesday, October 30th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Aetna presently has an average rating of “Hold” and an average price target of $205.36.

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Aetna Profile

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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