Atalanta Sosnoff Capital LLC Raises Position in Aetna Inc. (NYSE:AET)

Paterniano Del Favero
Agosto 3, 2017

The stock of Aetna Inc (NYSE:AET) reached all time high today, Aug, 3 and still has $172.78 target or 9.00% above today's $158.51 share price.

In terms of earnings per share, 18 analysts have a 2.23 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 18 analysts have a 1.69 EPS mean target and for the quarter ending Dec-17 there are 23 estimates of 8.99 EPS.

COPYRIGHT VIOLATION WARNING: "Evanson Asset Management LLC Has $289,000 Position in Aetna Inc".

Other large investors also recently made changes to their positions in the company. Court Place Advisors holds 2.82% of its portfolio in Aetna Inc (NYSE:AET) for 43,683 shares. Guardian Life Insurance Co. of America now owns 1,353 shares of the company's stock worth $173,000 after buying an additional 9 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,641 shares of the company's stock valued at $6,713,000 after buying an additional 12,648 shares during the last quarter. Columbus Circle Investors raised its stake in shares of Aetna by 358.8% in the first quarter. The Hills Bank & Trust Company holds 15,571 shares with $565,000 value, down from 41,441 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Aetna by 0.3% in the first quarter. The firm owned 2,467 shares of the company's stock after buying an additional 159 shares during the period. Toronto Dominion Bank now owns 95,608 shares of the company's stock valued at $12,194,000 after buying an additional 34,719 shares during the last quarter.

Shares of Aetna Inc. About 1,878 shares traded. Aetna Inc. The company has a market capitalization of $51.38 billion, a PE ratio of 47.24 and a beta of 0.54. The stock's 50 day moving average is $153.22 and its 200-day moving average is $137.42.

Aetna Inc (NYSE:AET) has risen 28.84% since August 3, 2016 and is uptrending. The company reported $2.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.36 by $0.35. The company's net profit margin has achieved the current level of 1.8 percent and possesses 0 percent gross margin. During the same period in the prior year, the firm posted $2.30 EPS. The firm's quarterly revenue was down 2.7% compared to the same quarter previous year. Stockholders of record on Thursday, July 13th were given a $0.50 dividend.

On 2/17/2017 announced a quarterly dividend of $0.50 1.58% with an ex dividend date of 4/11/2017 which will be payable on 4/13/2017. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. Aetna's dividend payout ratio (DPR) is 62.31%.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law. The legal version of this piece can be viewed at https://theolympiareport.com/2017/08/02/personal-capital-advisors-corp-increases-position-in-aetna-inc-aet.html. Bank of America Corporation reiterated a "buy" rating and set a $168.00 price target (up from $160.00) on shares of Aetna in a research report on Wednesday, May 17th. Finally, Citigroup Inc. assumed coverage on Aetna in a report on Wednesday, June 28th. They now have a Dollars 162 price target on the stock. BidaskClub cut shares of Aetna from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Cleveland Research raised shares of Aetna from a "neutral" rating to a "buy" rating in a report on Thursday, May 11th. They issued a "buy" rating and a $180.00 price objective for the company.

Aetna Inc. was covered by a number of analysts recently, 6 rated the stock as Buy, 8 rated Hold, 1 rated sell and 0 gave an Underperform.

Analysts on average have given a price target of $157 to Aetna Inc.

On 3/23/2017 Shawn M Guertin, Insider, sold 29,602 with an average share price of $129.35 per share and the total transaction amounting to $3,829,018.70. Following the completion of the sale, the executive vice president now directly owns 33,563 shares of the company's stock, valued at $5,008,606.49. (NYSE:AET) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Also, Chairman Mark T. Bertolini sold 103,547 shares of the firm's stock in a transaction that occurred on Wednesday, May 17th.

On 6/7/2017 Margaret M Mccarthy, EVP, sold 27,028 with an average share price of $149.23 per share and the total transaction amounting to $4,033,388.44. Following the completion of the transaction, the chairman now directly owns 659,888 shares of the company's stock, valued at $92,905,631.52. The disclosure for this sale can be found here.

Recent Trading for Aetna Inc.

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