Retirement Systems of Alabama lessened its holdings in shares of Aetna Inc (NYSE:AET) by 1.7% in the third quarter, HoldingsChannel reports. The fund owned 150,845 shares of the company’s stock after selling 2,579 shares during the period. Retirement Systems of Alabama’s holdings in Aetna were worth $30,599,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AET. Summit Trail Advisors LLC raised its position in shares of Aetna by 591.8% in the 1st quarter. Summit Trail Advisors LLC now owns 20,008 shares of the company’s stock worth $1,617,000 after acquiring an additional 17,116 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Aetna in the 2nd quarter worth approximately $2,569,000. Pensionfund DSM Netherlands bought a new position in shares of Aetna in the 2nd quarter worth approximately $3,376,000. Cibc Bank USA bought a new position in shares of Aetna in the 2nd quarter worth approximately $612,000. Finally, IFM Investors Pty Ltd raised its position in shares of Aetna by 43.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 14,684 shares of the company’s stock worth $2,695,000 after acquiring an additional 4,475 shares in the last quarter. Institutional investors own 83.49% of the company’s stock.
AET stock opened at $196.07 on Friday. Aetna Inc has a twelve month low of $160.00 and a twelve month high of $206.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $65.31 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.71 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders 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 dividend yield of 1.02%. Aetna’s payout ratio is presently 20.28%.
A number of equities analysts have issued reports on AET shares. Cantor Fitzgerald downgraded 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. Zacks Investment Research upgraded shares of Aetna from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, Credit Suisse Group increased their price target on shares of Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a research note on Monday. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $204.77.
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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