Shares of Aetna Inc. (NYSE:AET) have earned an average rating of “Buy” from the nineteen research firms that are currently covering the company. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $131.20.
AET has been the subject of a number of analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Aetna in a report on Tuesday, June 14th. Zacks Investment Research raised shares of Aetna from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a report on Tuesday, July 19th. Leerink Swann reaffirmed a “buy” rating and set a $135.00 price objective on shares of Aetna in a report on Thursday, August 4th. Evercore ISI started coverage on shares of Aetna in a report on Thursday, September 22nd. They set a “buy” rating and a $128.00 price objective for the company. Finally, FBR & Co reissued a “hold” rating and set a $135.00 price target on shares of Aetna in a report on Thursday, August 4th.
In other news, Director Jeffrey E. Garten sold 7,100 shares of Aetna stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $116.51, for a total transaction of $827,221.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn M. Guertin sold 45,328 shares of Aetna stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $120.21, for a total transaction of $5,448,878.88. Following the sale, the insider now owns 44,883 shares of the company’s stock, valued at approximately $5,395,385.43. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Ngam Advisors L.P. boosted its stake in shares of Aetna by 36.0% in the first quarter. Ngam Advisors L.P. now owns 60,416 shares of the company’s stock valued at $6,788,000 after buying an additional 16,005 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Aetna by 3.5% in the first quarter. Teachers Advisors Inc. now owns 396,540 shares of the company’s stock valued at $44,551,000 after buying an additional 13,543 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Aetna by 21.9% in the first quarter. Franklin Resources Inc. now owns 950,209 shares of the company’s stock valued at $106,756,000 after buying an additional 170,457 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Aetna during the first quarter valued at approximately $2,820,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Aetna during the first quarter valued at approximately $17,071,000. Institutional investors own 91.95% of the company’s stock.
Aetna (NYSE:AET) opened at 113.72 on Wednesday. The company has a market cap of $39.89 billion, a PE ratio of 16.66 and a beta of 0.54. Aetna has a 52-week low of $92.42 and a 52-week high of $123.57. The firm has a 50-day moving average of $116.09 and a 200 day moving average of $115.79.
Aetna (NYSE:AET) last released 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 company earned $15.95 billion during the quarter, compared to the consensus estimate of $15.69 billion. Aetna had a net margin of 3.89% and a return on equity of 16.44%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Equities research analysts expect that Aetna will post $8.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Tuesday, October 11th. Aetna’s dividend payout ratio is 14.73%.