Aetna Inc (AET) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its holdings in Aetna Inc (NYSE:AET) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,078 shares of the company’s stock after selling 67,356 shares during the period. Korea Investment CORP’s holdings in Aetna were worth $52,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Palo Capital Inc. acquired a new position in shares of Aetna in the 3rd quarter worth approximately $122,000. Kaizen Advisory LLC grew its stake in shares of Aetna by 143.9% in the 2nd quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock worth $141,000 after purchasing an additional 452 shares during the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Aetna in the second quarter worth about $162,000. Sun Life Financial INC boosted its holdings in shares of Aetna by 252.0% in the second quarter. Sun Life Financial INC now owns 887 shares of the company’s stock worth $163,000 after buying an additional 635 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Aetna by 3,076.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953 shares of the company’s stock worth $175,000 after buying an additional 923 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Shares of AET opened at $205.36 on Monday. 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 stock has a market capitalization of $67.23 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.73 and a beta of 0.71. Aetna Inc has a one year low of $166.88 and a one year high of $210.90.

Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.83 by $0.13. The business had revenue of $15.48 billion during the quarter, compared to analysts’ expectations of $15.40 billion. Aetna had a net margin of 5.99% and a return on equity of 20.78%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. As a group, analysts anticipate that Aetna Inc will post 11.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 24th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, October 23rd. Aetna’s dividend payout ratio is currently 20.28%.

Several brokerages have commented on AET. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Wednesday, November 21st. Cantor Fitzgerald reiterated a “buy” rating and issued a $202.00 target price on shares of Aetna in a report on Thursday, August 2nd. Credit Suisse Group raised their target price on shares of Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Finally, Citigroup raised their target price on shares of Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Aetna presently has a consensus rating of “Hold” and a consensus price target of $204.55.

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Aetna Company Profile

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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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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