Traders Sell Shares of Aetna (AET) on Strength (AET)

Investors sold shares of Aetna (NYSE:AET) on strength during trading on Monday. $56.42 million flowed into the stock on the tick-up and $208.74 million flowed out of the stock on the tick-down, for a money net flow of $152.32 million out of the stock. Of all companies tracked, Aetna had the 4th highest net out-flow for the day. Aetna traded up $2.96 for the day and closed at $175.89

A number of brokerages have weighed in on AET. Deutsche Bank raised shares of Aetna from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $212.00 in a research report on Monday, January 22nd. Piper Jaffray reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Jefferies Group reaffirmed a “hold” rating and set a $205.00 price target on shares of Aetna in a research report on Wednesday, January 31st. Cowen reaffirmed a “buy” rating and set a $212.00 price target on shares of Aetna in a research report on Tuesday, January 30th. Finally, Credit Suisse Group lifted their price target on shares of Aetna from $200.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $189.50.

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The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $56,538.16, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.40 and a beta of 0.67.

Aetna (NYSE:AET) last posted its earnings results on Tuesday, January 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $14.79 billion. During the same period in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. research analysts anticipate that Aetna will post 11.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, April 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.14%. Aetna’s payout ratio is currently 20.28%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC raised its holdings in Aetna by 3.3% in the fourth quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock valued at $1,573,000 after acquiring an additional 279 shares in the last quarter. Essex Financial Services Inc. raised its holdings in Aetna by 2.2% in the fourth quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after acquiring an additional 298 shares in the last quarter. Focused Wealth Management Inc raised its holdings in Aetna by 84.5% in the fourth quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock valued at $118,000 after acquiring an additional 300 shares in the last quarter. Doyle Wealth Management raised its holdings in Aetna by 18.6% in the fourth quarter. Doyle Wealth Management now owns 1,920 shares of the company’s stock valued at $346,000 after acquiring an additional 301 shares in the last quarter. Finally, RDL Financial Inc. raised its holdings in Aetna by 3.4% in the fourth quarter. RDL Financial Inc. now owns 9,919 shares of the company’s stock valued at $1,789,000 after acquiring an additional 325 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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