Utah Retirement Systems lifted its position in shares of Aetna Inc (NYSE:AET) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,514 shares of the company’s stock after buying an additional 300 shares during the quarter. Utah Retirement Systems’ holdings in Aetna were worth $12,072,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Aetna by 17.2% during the 3rd quarter. FMR LLC now owns 9,063,094 shares of the company’s stock worth $1,838,448,000 after purchasing an additional 1,328,607 shares in the last quarter. PointState Capital LP grew its holdings in shares of Aetna by 111.2% during the 2nd quarter. PointState Capital LP now owns 2,193,062 shares of the company’s stock worth $402,427,000 after purchasing an additional 1,154,818 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Aetna by 21.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,070,573 shares of the company’s stock worth $420,016,000 after purchasing an additional 364,121 shares during the period. Natixis grew its holdings in shares of Aetna by 41.3% during the 2nd quarter. Natixis now owns 1,235,009 shares of the company’s stock worth $226,023,000 after purchasing an additional 361,170 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Aetna by 258.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 483,961 shares of the company’s stock worth $88,808,000 after acquiring an additional 348,979 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.
Shares of AET stock traded up $0.70 during mid-day trading on Wednesday, reaching $212.70. The stock had a trading volume of 11,862,705 shares, compared to its average volume of 3,688,920. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $69.64 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.82 and a beta of 0.71. Aetna Inc has a one year low of $166.88 and a one year high of $213.36.
A number of equities analysts have issued reports on the company. 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 research report on Thursday, October 4th. Credit Suisse Group upped their price target on Aetna from $202.00 to $207.00 and gave the company a “neutral” rating in a research report on Monday, October 22nd. Cantor Fitzgerald downgraded Aetna from an “overweight” rating to a “neutral” rating and set a $202.00 price objective for the company. in a research note on Wednesday, August 22nd. Piper Jaffray Companies cut Aetna from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $212.00 to $206.00 in a research note on Tuesday, October 30th. Finally, Citigroup increased their price target on Aetna from $202.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $205.10.
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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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