US Bancorp DE reduced its stake in Aetna Inc (NYSE:AET) by 4.5% in the third quarter, HoldingsChannel.com reports. The fund owned 71,565 shares of the company’s stock after selling 3,345 shares during the quarter. US Bancorp DE’s holdings in Aetna were worth $14,516,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Greenleaf Trust boosted its position in shares of Aetna by 10.6% during the third quarter. Greenleaf Trust now owns 3,099 shares of the company’s stock worth $629,000 after buying an additional 297 shares during the period. Wagner Bowman Management Corp raised its holdings in Aetna by 18.7% during the third quarter. Wagner Bowman Management Corp now owns 1,903 shares of the company’s stock worth $386,000 after purchasing an additional 300 shares in the last quarter. BancorpSouth Bank raised its holdings in Aetna by 13.8% during the third quarter. BancorpSouth Bank now owns 2,557 shares of the company’s stock worth $519,000 after purchasing an additional 310 shares in the last quarter. Bessemer Group Inc. raised its holdings in Aetna by 4.2% during the second quarter. Bessemer Group Inc. now owns 7,854 shares of the company’s stock worth $1,441,000 after purchasing an additional 315 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in Aetna by 1.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,062 shares of the company’s stock worth $4,231,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 83.46% of the company’s stock.
Several equities research analysts recently commented on the company. Cantor Fitzgerald cut Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 target price on the stock. in a report on Wednesday, August 22nd. Zacks Investment Research raised Aetna from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Thursday, October 4th. Credit Suisse Group boosted their target price on Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Piper Jaffray Companies cut Aetna from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $212.00 to $206.00 in a report on Tuesday, October 30th. Finally, Citigroup boosted their target price on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $204.55.
Aetna (NYSE:AET) last posted 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. The company had revenue of $15.48 billion for the quarter, compared to analysts’ expectations of $15.40 billion. Aetna had a return on equity of 20.78% and a net margin of 5.99%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 earnings per share. As a group, analysts anticipate that Aetna Inc will post 11.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Wednesday, October 24th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. Aetna’s dividend payout ratio is currently 20.28%.
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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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