Markston International LLC Lowers Stake in Aetna Inc. (AET)

Markston International LLC trimmed its position in shares of Aetna Inc. (NYSE:AET) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,929 shares of the company’s stock after selling 16,191 shares during the quarter. Aetna accounts for 3.4% of Markston International LLC’s investment portfolio, making the stock its 2nd largest holding. Markston International LLC owned 0.06% of Aetna worth $33,063,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Point72 Asset Management L.P. grew its holdings in Aetna by 82.0% during the first quarter. Point72 Asset Management L.P. now owns 228,300 shares of the company’s stock worth $29,120,000 after buying an additional 102,831 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Aetna in the 1st quarter valued at $4,077,000. Teachers Retirement System of The State of Kentucky grew its stake in Aetna by 88.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 80,857 shares of the company’s stock valued at $10,313,000 after purchasing an additional 37,989 shares during the period. Boston Common Asset Management LLC grew its stake in Aetna by 0.7% in the 1st quarter. Boston Common Asset Management LLC now owns 10,030 shares of the company’s stock valued at $1,279,000 after purchasing an additional 70 shares during the period. Finally, HM Payson & Co. grew its stake in Aetna by 0.5% in the 1st quarter. HM Payson & Co. now owns 12,861 shares of the company’s stock valued at $1,641,000 after purchasing an additional 69 shares during the period. 90.93% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on AET. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective (up previously from $150.00) on shares of Aetna in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Aetna from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Citigroup Inc. increased their price target on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Jefferies Group LLC increased their price target on Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Finally, Deutsche Bank AG increased their price target on Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $172.36.

Shares of Aetna Inc. (NYSE AET) traded down $1.19 during mid-day trading on Wednesday, hitting $171.83. The stock had a trading volume of 1,429,000 shares, compared to its average volume of 2,441,657. The company has a market cap of $56,421.82, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.58 and a beta of 0.61. Aetna Inc. has a 12-month low of $116.04 and a 12-month high of $184.98. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.

Aetna (NYSE:AET) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.39. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. Aetna had a return on equity of 21.84% and a net margin of 2.93%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.07 EPS. research analysts forecast that Aetna Inc. will post 9.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, October 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, October 11th. Aetna’s payout ratio is presently 37.04%.

In other Aetna news, EVP Margaret M. Mccarthy sold 10,288 shares of Aetna stock in a transaction on Friday, September 15th. The stock was sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the transaction, the executive vice president now owns 33,563 shares in the company, valued at $5,465,734.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karen S. Lynch sold 15,271 shares of Aetna stock in a transaction on Monday, September 18th. The shares were sold at an average price of $161.91, for a total value of $2,472,527.61. Following the transaction, the president now owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

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About Aetna

Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.

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Institutional Ownership by Quarter for Aetna (NYSE:AET)

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