Welch & Forbes LLC cut its position in Aetna Inc. (NYSE:AET) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,650 shares of the company’s stock after selling 109 shares during the period. Welch & Forbes LLC’s holdings in Aetna were worth $858,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. boosted its stake in shares of 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 boosted its stake in shares of 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 acquired a new stake in shares of Aetna during the first quarter worth $212,000. Private Trust Co. NA acquired a new stake in shares of Aetna during the first quarter worth $744,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Aetna during the first quarter worth $1,797,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Aetna Inc. (NYSE AET) traded down 0.87% on Friday, reaching $154.45. 1,781,161 shares of the company’s stock traded hands. The stock has a market cap of $51.29 billion, a price-to-earnings ratio of 34.28 and a beta of 0.54. The stock has a 50 day moving average price of $154.81 and a 200 day moving average price of $140.38. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $161.69.
Aetna (NYSE:AET) last posted its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $1.08. Aetna had a net margin of 2.52% and a return on equity of 20.52%. The firm had revenue of $15.52 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the previous year, the business posted $2.21 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Aetna Inc. will post $9.55 EPS for the current year.
Several brokerages have recently issued reports on AET. Royal Bank Of Canada upped their target price on shares of Aetna from $162.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $163.00 target price (up previously from $157.00) on shares of Aetna in a research note on Friday, August 4th. Deutsche Bank AG upped their target price on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 target price (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Finally, Morgan Stanley upped their target price on shares of Aetna from $172.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $157.99.
In related news, EVP Margaret M. Mccarthy sold 27,028 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares in the company, valued at approximately $5,008,606.49. The transaction was disclosed in a document filed with the SEC, which is accessible through 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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