Stratos Wealth Partners LTD. raised its position in Aetna Inc. (NYSE:AET) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,571 shares of the company’s stock after buying an additional 929 shares during the period. Stratos Wealth Partners LTD.’s holdings in Aetna were worth $1,605,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Fox Run Management L.L.C. increased its stake in Aetna by 31.8% in the first quarter. Fox Run Management L.L.C. now owns 2,900 shares of the company’s stock worth $370,000 after buying an additional 700 shares during the period. Atria Investments LLC increased its stake in Aetna by 72.0% in the first quarter. Atria Investments LLC now owns 7,255 shares of the company’s stock worth $925,000 after buying an additional 3,038 shares during the period. Parametrica Management Ltd purchased a new stake in Aetna during the first quarter worth approximately $212,000. Private Trust Co. NA purchased a new stake in Aetna during the first quarter worth approximately $744,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in Aetna during the first quarter worth approximately $1,797,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Aetna Inc. (NYSE AET) traded down 0.87% during trading on Friday, reaching $154.45. The company had a trading volume of 1,781,161 shares. The firm’s 50 day moving average is $154.81 and its 200-day moving average is $140.38. The company has a market capitalization of $51.29 billion, a P/E ratio of 34.28 and a beta of 0.54. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $161.69.
Aetna (NYSE:AET) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $3.42 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $1.08. The company had revenue of $15.52 billion for the quarter, compared to analysts’ expectations of $15.34 billion. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 earnings per share. On average, equities analysts expect that Aetna Inc. will post $9.55 earnings per share for the current year.
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A number of brokerages have issued reports on AET. Deutsche Bank AG boosted their price target on Aetna from $144.00 to $157.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group reissued a “buy” rating and issued a $155.00 price target on shares of Aetna in a report on Wednesday, May 17th. Cowen and Company set a $170.00 price target on Aetna and gave the company a “buy” rating in a report on Saturday, May 27th. Jefferies Group LLC reissued a “hold” rating and issued a $163.00 price target (up from $157.00) on shares of Aetna in a report on Friday, August 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price target (up from $150.00) on shares of Aetna in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $157.99.
In other Aetna news, EVP Margaret M. Mccarthy sold 27,028 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total transaction of $4,033,388.44. Following the transaction, the executive vice president now owns 33,563 shares in the company, valued at $5,008,606.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
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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