Aetna Target of Unusually High Options Trading (AET)

Share on StockTwits

Aetna Inc (NYSE:AET) was the target of some unusual options trading activity on Monday. Stock traders bought 8,117 put options on the stock. This represents an increase of approximately 1,166% compared to the typical volume of 641 put options.

Institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its holdings in shares of Aetna by 31.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 47,351 shares of the company’s stock worth $8,688,000 after acquiring an additional 11,408 shares during the last quarter. Havens Advisors LLC lifted its holdings in shares of Aetna by 32.1% in the 3rd quarter. Havens Advisors LLC now owns 50,200 shares of the company’s stock worth $10,183,000 after acquiring an additional 12,200 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Aetna in the 2nd quarter worth about $2,569,000. Mainstay Capital Management LLC ADV lifted its holdings in shares of Aetna by 1,696.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock worth $162,000 after acquiring an additional 10,585 shares during the last quarter. Finally, Abrams Capital Management L.P. lifted its holdings in shares of Aetna by 14.1% in the 2nd quarter. Abrams Capital Management L.P. now owns 1,575,000 shares of the company’s stock worth $289,013,000 after acquiring an additional 195,000 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

AET stock opened at $195.13 on Tuesday. Aetna has a 52 week low of $164.52 and a 52 week high of $206.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $63.94 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.69.

Aetna (NYSE:AET) last released its earnings results on Thursday, August 2nd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.04 by $0.39. The firm had revenue of $15.56 billion during 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%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $3.42 EPS. Research analysts anticipate that Aetna will post 11.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. Aetna’s dividend payout ratio (DPR) is presently 20.28%.

Several equities analysts have commented on AET shares. Cantor Fitzgerald lowered shares of Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price objective for the company. in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Aetna from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Credit Suisse Group increased their price objective on shares of Aetna from $202.00 to $207.00 and gave the company a “neutral” rating in a research report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $205.17.

Aetna Company 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.

Further Reading: Do stock splits help investors?

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.

Leave a Reply