First Citizens Bank & Trust Co. Reduces Position in Aetna Inc (AET)

First Citizens Bank & Trust Co. lessened its holdings in Aetna Inc (NYSE:AET) by 9.9% in the third quarter, Holdings Channel reports. The institutional investor owned 5,191 shares of the company’s stock after selling 570 shares during the period. First Citizens Bank & Trust Co.’s holdings in Aetna were worth $1,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kaizen Advisory LLC raised its holdings in Aetna by 143.9% in the 2nd quarter. Kaizen Advisory LLC now owns 766 shares of the company’s stock valued at $141,000 after buying an additional 452 shares during the last quarter. CSat Investment Advisory L.P. bought a new position in Aetna in the 2nd quarter valued at approximately $162,000. Mainstay Capital Management LLC ADV raised its holdings in Aetna by 1,696.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,209 shares of the company’s stock valued at $162,000 after buying an additional 10,585 shares during the last quarter. Sun Life Financial INC raised its holdings in Aetna by 252.0% in the 2nd quarter. Sun Life Financial INC now owns 887 shares of the company’s stock valued at $163,000 after buying an additional 635 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Aetna by 3,076.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953 shares of the company’s stock valued at $175,000 after buying an additional 923 shares during the last quarter. Institutional investors and hedge funds own 83.45% of the company’s stock.

Aetna stock opened at $200.19 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.74 and a quick ratio of 0.74. Aetna Inc has a 52-week low of $157.96 and a 52-week high of $206.66. The company has a market cap of $65.97 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.73 and a beta of 0.69.

Aetna (NYSE:AET) last released its quarterly earnings results on Thursday, August 2nd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.39. Aetna had a net margin of 5.77% and a return on equity of 20.66%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $15.59 billion. During the same quarter last year, the business earned $3.42 EPS. The company’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Aetna Inc will post 11.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 24th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $2.00 annualized dividend and a yield of 1.00%. Aetna’s payout ratio is 20.28%.

A number of brokerages recently issued reports on AET. Zacks Investment Research lowered shares of Aetna from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Cantor Fitzgerald lowered shares of Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price objective for the company. in a report on Wednesday, August 22nd. Finally, ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Aetna presently has an average rating of “Hold” and a consensus price target of $203.77.

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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