Aetna Inc. (NYSE:AET)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a report released on Tuesday.
In other Aetna news, insider Shawn M. Guertin sold 45,328 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $120.21, for a total transaction of $5,448,878.88. Following the completion of the transaction, the insider now directly owns 44,883 shares in the company, valued at $5,395,385.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors recently bought and sold shares of the company. Polaris Greystone Financial Group LLC boosted its position in Aetna by 25.1% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 83,329 shares of the company’s stock worth $9,010,000 after buying an additional 16,717 shares in the last quarter. Senzar Asset Management LLC boosted its position in Aetna by 8.5% in the fourth quarter. Senzar Asset Management LLC now owns 535,532 shares of the company’s stock worth $57,902,000 after buying an additional 42,128 shares in the last quarter. Senator Investment Group LP boosted its position in Aetna by 600.0% in the fourth quarter. Senator Investment Group LP now owns 1,750,000 shares of the company’s stock worth $189,210,000 after buying an additional 1,500,000 shares in the last quarter. Highland Capital Management LP bought a new position in Aetna during the fourth quarter worth $27,902,000. Finally, JGP Global Gestao de Recursos Ltda. bought a new position in Aetna during the fourth quarter worth $1,302,000.
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Shares of Aetna (NYSE:AET) traded up 0.10% during mid-day trading on Tuesday, hitting $116.85. The stock had a trading volume of 574,395 shares. The firm has a market cap of $40.99 billion and a price-to-earnings ratio of 17.12. Aetna has a one year low of $92.42 and a one year high of $123.57. The company has a 50-day moving average of $117.91 and a 200 day moving average of $114.93.
Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.09. The business earned $15.95 billion during the quarter, compared to analysts’ expectations of $15.69 billion. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. On average, equities research analysts forecast that Aetna will post $8.05 earnings per share for the current year.
A number of other equities analysts have also recently commented on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Aetna in a research note on Sunday, July 10th. Leerink Swann reaffirmed an “outperform” rating on shares of Aetna in a research note on Wednesday, August 24th. Zacks Investment Research cut shares of Aetna from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Wolfe Research started coverage on shares of Aetna in a research note on Tuesday, June 28th. They set an “outperform” rating and a $154.00 price target for the company. Finally, FBR & Co reaffirmed a “hold” rating on shares of Aetna in a research note on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $133.15.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS).
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