Strs Ohio trimmed its holdings in shares of Aetna Inc (NYSE:AET) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,686 shares of the company’s stock after selling 8,701 shares during the period. Strs Ohio owned 0.13% of Aetna worth $79,314,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Omni Partners LLP acquired a new stake in Aetna during the 4th quarter valued at $13,202,000. Personal Capital Advisors Corp increased its holdings in Aetna by 5.0% during the 4th quarter. Personal Capital Advisors Corp now owns 184,729 shares of the company’s stock valued at $33,323,000 after purchasing an additional 8,869 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Aetna by 142.8% during the 4th quarter. State of Alaska Department of Revenue now owns 46,913 shares of the company’s stock valued at $8,460,000 after purchasing an additional 27,589 shares in the last quarter. Acadian Asset Management LLC boosted its position in Aetna by 19.7% in the 4th quarter. Acadian Asset Management LLC now owns 644,648 shares of the company’s stock valued at $116,288,000 after buying an additional 106,270 shares during the last quarter. Finally, Havens Advisors LLC bought a new position in Aetna in the 4th quarter valued at $3,518,000. 87.88% of the stock is owned by hedge funds and other institutional investors.
Aetna Inc (NYSE AET) traded up $1.54 during trading hours on Tuesday, hitting $189.34. The stock had a trading volume of 2,576,400 shares, compared to its average volume of 2,897,514. Aetna Inc has a 1-year low of $116.04 and a 1-year high of $192.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $61,680.00, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.59 and a beta of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Aetna’s dividend payout ratio is currently 36.97%.
A number of research analysts have commented on AET shares. Piper Jaffray Companies reiterated a “hold” rating and issued a $187.00 price objective on shares of Aetna in a research report on Friday, November 3rd. Zacks Investment Research lowered Aetna from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus lowered Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a research report on Wednesday, December 6th. BMO Capital Markets increased their price objective on Aetna from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Finally, Cantor Fitzgerald lowered Aetna from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Aetna presently has a consensus rating of “Buy” and a consensus price target of $175.09.
Aetna Company Profile
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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