Aetna (AET) Sees Unusually-High Trading Volume

Shares of Aetna Inc (NYSE:AET) saw unusually-strong trading volume on Wednesday . Approximately 115,314 shares changed hands during mid-day trading, a decline of 95% from the previous session’s volume of 2,292,138 shares.The stock last traded at $208.53 and had previously closed at $207.05.

Several analysts recently commented on AET shares. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $202.00 price objective on shares of Aetna in a report on Thursday, August 2nd. Zacks Investment Research raised Aetna from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Thursday, October 4th. Credit Suisse Group cut their price objective on Aetna from $207.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Citigroup lifted their price objective on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies lowered Aetna from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $204.55.

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42. The firm has a market cap of $64.89 billion, a PE ratio of 21.14, a PEG ratio of 1.68 and a beta of 0.71.

Aetna (NYSE:AET) last released its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.83 by $0.13. Aetna had a return on equity of 20.78% and a net margin of 5.99%. The business had revenue of $15.48 billion during the quarter, compared to analyst estimates of $15.40 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. Aetna’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Aetna Inc will post 11.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th were given a $0.50 dividend. The ex-dividend date was Tuesday, October 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. Aetna’s payout ratio is 20.28%.

Several institutional investors have recently made changes to their positions in AET. Wolverine Asset Management LLC lifted its position in shares of Aetna by 31.7% in the second quarter. Wolverine Asset Management LLC now owns 47,351 shares of the company’s stock worth $8,688,000 after buying an additional 11,408 shares in the last quarter. Havens Advisors LLC lifted its position in shares of Aetna by 32.1% in the third quarter. Havens Advisors LLC now owns 50,200 shares of the company’s stock worth $10,183,000 after buying an additional 12,200 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of Aetna by 1,696.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock worth $162,000 after buying an additional 10,585 shares in the last quarter. Abrams Capital Management L.P. lifted its position in shares of Aetna by 14.1% in the second quarter. Abrams Capital Management L.P. now owns 1,575,000 shares of the company’s stock worth $289,013,000 after buying an additional 195,000 shares in the last quarter. Finally, Glen Harbor Capital Management LLC lifted its position in shares of Aetna by 140.0% in the second quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the company’s stock worth $973,000 after buying an additional 3,094 shares in the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

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Aetna Company Profile (NYSE:AET)

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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