Louisiana State Employees Retirement System cut its position in Aetna Inc (NYSE:AET) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,700 shares of the company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Aetna were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its stake in Aetna by 8.9% during the second quarter. Capital World Investors now owns 20,769,004 shares of the company’s stock valued at $3,153,358,000 after acquiring an additional 1,688,767 shares in the last quarter. FMR LLC grew its stake in Aetna by 73.8% during the second quarter. FMR LLC now owns 13,736,800 shares of the company’s stock valued at $2,085,659,000 after acquiring an additional 5,833,567 shares in the last quarter. Janus Henderson Group PLC grew its stake in Aetna by 1.8% during the third quarter. Janus Henderson Group PLC now owns 4,407,172 shares of the company’s stock valued at $700,784,000 after acquiring an additional 78,272 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Aetna by 7.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,553,496 shares of the company’s stock valued at $387,697,000 after acquiring an additional 177,364 shares in the last quarter. Finally, Fred Alger Management Inc. grew its stake in Aetna by 18.4% during the second quarter. Fred Alger Management Inc. now owns 1,661,780 shares of the company’s stock valued at $252,308,000 after acquiring an additional 257,678 shares in the last quarter. 87.69% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on AET shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $187.00 target price on shares of Aetna in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research note on Wednesday, December 6th. BMO Capital Markets raised their target price on shares of Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, Cantor Fitzgerald cut shares of Aetna from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $172.64.
Aetna Inc (NYSE AET) traded down $0.01 during mid-day trading on Tuesday, reaching $184.20. 2,413,800 shares of the company’s stock traded hands, compared to its average volume of 3,137,555. Aetna Inc has a fifty-two week low of $116.04 and a fifty-two week high of $192.37. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $60,270.00, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.59 and a beta of 0.61.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.39. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. Aetna’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.07 earnings per share. research analysts anticipate that Aetna Inc will post 9.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. Aetna’s dividend payout ratio (DPR) is presently 36.97%.
COPYRIGHT VIOLATION NOTICE: “Louisiana State Employees Retirement System Has $3.55 Million Stake in Aetna Inc (AET)” was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.truebluetribune.com/2018/01/16/louisiana-state-employees-retirement-system-has-3-55-million-stake-in-aetna-inc-aet.html.
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.
Want to see what other hedge funds are holding AET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aetna Inc (NYSE:AET).
Receive News & Ratings for Aetna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aetna and related companies with MarketBeat.com's FREE daily email newsletter.