Centaurus Financial Inc. Takes Position in Aetna (AET)

Centaurus Financial Inc. purchased a new stake in Aetna (NYSE:AET) during the first quarter, according to its most recent filing with the SEC. The fund purchased 755 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Advisors LLC increased its holdings in Aetna by 3.3% in the 4th quarter. Cetera Advisors LLC now owns 8,715 shares of the company’s stock valued at $1,573,000 after acquiring an additional 279 shares during the last quarter. Essex Financial Services Inc. increased its holdings in Aetna by 2.2% in the 4th quarter. Essex Financial Services Inc. now owns 13,787 shares of the company’s stock valued at $2,487,000 after acquiring an additional 298 shares during the last quarter. Focused Wealth Management Inc increased its holdings in Aetna by 84.5% in the 4th quarter. Focused Wealth Management Inc now owns 655 shares of the company’s stock valued at $118,000 after acquiring an additional 300 shares during the last quarter. Doyle Wealth Management increased its holdings in Aetna by 18.6% in the 4th quarter. Doyle Wealth Management now owns 1,920 shares of the company’s stock valued at $346,000 after acquiring an additional 301 shares during the last quarter. Finally, RDL Financial Inc. increased its holdings in Aetna by 3.4% in the 4th quarter. RDL Financial Inc. now owns 9,919 shares of the company’s stock valued at $1,789,000 after acquiring an additional 325 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

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A number of analysts have issued reports on the stock. Deutsche Bank upgraded shares of Aetna from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $212.00 in a report on Monday, January 22nd. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Citigroup downgraded shares of Aetna from a “buy” rating to a “neutral” rating and lifted their price target for the company from $187.89 to $212.00 in a report on Wednesday, January 31st. Piper Jaffray reiterated a “buy” rating and issued a $212.00 price target on shares of Aetna in a report on Tuesday, January 30th. Finally, Cantor Fitzgerald upgraded shares of Aetna from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $190.29.

Aetna opened at $177.10 on Wednesday, Marketbeat Ratings reports. Aetna has a twelve month low of $176.71 and a twelve month high of $177.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $57.13 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.64.

Aetna (NYSE:AET) last posted its earnings results on Tuesday, May 1st. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.22. Aetna had a net margin of 5.76% and a return on equity of 21.42%. The firm had revenue of $15.34 billion for the quarter, compared to the consensus estimate of $15.32 billion. During the same period in the previous year, the firm posted $2.71 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts forecast that Aetna will post 11.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Thursday, April 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. Aetna’s dividend payout ratio (DPR) is presently 20.28%.

About Aetna

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)