Sivik Global Healthcare LLC lowered its position in Aetna Inc. (NYSE:AET) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after selling 9,900 shares during the quarter. Aetna accounts for approximately 2.5% of Sivik Global Healthcare LLC’s holdings, making the stock its 10th biggest holding. Sivik Global Healthcare LLC’s holdings in Aetna were worth $6,832,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its position in shares of Aetna by 37.9% in the second quarter. Thrivent Financial For Lutherans now owns 128,434 shares of the company’s stock valued at $19,502,000 after buying an additional 35,295 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Aetna by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,086,503 shares of the company’s stock valued at $164,963,000 after buying an additional 10,370 shares in the last quarter. Profund Advisors LLC increased its position in shares of Aetna by 1.2% in the second quarter. Profund Advisors LLC now owns 14,725 shares of the company’s stock valued at $2,236,000 after buying an additional 168 shares in the last quarter. Investment Centers of America Inc. increased its position in shares of Aetna by 17.2% in the second quarter. Investment Centers of America Inc. now owns 1,886 shares of the company’s stock valued at $291,000 after buying an additional 277 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new position in shares of Aetna in the second quarter valued at $14,526,000. Institutional investors and hedge funds own 89.58% of the company’s stock.
Shares of Aetna Inc. (NYSE AET) traded down 0.06% during mid-day trading on Friday, reaching $162.68. The company’s stock had a trading volume of 1,977,451 shares. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $164.52. The company has a market capitalization of $54.03 billion, a PE ratio of 36.11 and a beta of 0.53. The firm’s 50 day moving average is $157.29 and its 200-day moving average is $145.07.
Aetna (NYSE:AET) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share 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%. Aetna’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. Analysts forecast that Aetna Inc. will post $9.55 EPS for the current year.
A number of research analysts have recently weighed in on AET shares. Citigroup Inc. started coverage on Aetna in a research report on Wednesday, June 28th. They issued a “buy” rating and a $180.00 price target for the company. BidaskClub cut Aetna from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada raised their price target on Aetna from $147.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, July 4th. Finally, Morgan Stanley raised their price target on Aetna from $172.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $159.04.
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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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