Loews Corp Maintains Stake in Aetna Inc. (AET)

Loews Corp maintained its stake in Aetna Inc. (NYSE:AET) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,600 shares of the company’s stock at the close of the second quarter. Loews Corp’s holdings in Aetna were worth $850,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new stake in shares of Aetna in the second quarter worth $106,000. Liberty Capital Management Inc. increased its stake in shares of Aetna by 206.9% in the second quarter. Liberty Capital Management Inc. now owns 933 shares of the company’s stock worth $144,000 after acquiring an additional 629 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Aetna by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,353 shares of the company’s stock worth $173,000 after acquiring an additional 9 shares during the period. Deschutes Portfolio Strategy LLC acquired a new stake in shares of Aetna in the second quarter worth $200,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Aetna in the first quarter worth $202,000. Institutional investors and hedge funds own 89.58% of the company’s stock.

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Aetna Inc. (NYSE:AET) traded down 0.06% during trading on Friday, hitting $162.68. 1,977,451 shares of the stock traded hands. The company’s 50 day moving average price is $157.29 and its 200-day moving average price is $145.07. Aetna Inc. has a 52-week low of $104.59 and a 52-week high of $164.52. The stock has a market cap of $54.03 billion, a P/E ratio of 36.11 and a beta of 0.53.

Aetna (NYSE:AET) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $1.08. The firm had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. Equities research analysts forecast that Aetna Inc. will post $9.55 earnings per share for the current fiscal year.

AET has been the topic of a number of research reports. Cowen and Company set a $170.00 price objective on shares of Aetna and gave the stock a “buy” rating in a research note on Saturday, May 27th. Argus reiterated a “buy” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Aetna in a research note on Tuesday, May 30th. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Morgan Stanley initiated coverage on shares of Aetna in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, Royal Bank Of Canada increased their price objective on shares of Aetna from $147.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $159.04.

About Aetna

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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