Aetna Inc. (NYSE:AET) is expected to pay $0.25 on Oct 28, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Oct 11, 2016 will be eligible to receive the payout. Based on Aetna Inc.’s current price of $113.72, the dividend is 0.22%. This dividend’s record date is Oct 13, 2016 and the announcement date is Sep 30, 2016. The stock decreased 0.24% or $0.27 on October 7, hitting $113.72. Aetna Inc (NYSE:AET) has risen 3.66% since March 7, 2016 and is uptrending. It has underperformed by 3.93% the S&P500.
Aetna Inc. is a diversified healthcare benefits company. The company has a market cap of $39.80 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 16.69 P/E ratio. The Health Care segment’s services and products consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses services and products, such as accountable care solutions .
Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.01, from 0.82 in 2016Q1. The ratio increased, as 50 funds sold all Aetna Inc shares owned while 294 reduced positions. 47 funds bought stakes while 238 increased positions. They now own 313.20 million shares or 5.61% less from 331.82 million shares in 2016Q1.
The Georgia-based Synovus Financial Corp has invested 0.03% in Aetna Inc (NYSE:AET). Us National Bank & Trust De holds 111,847 shares or 0.05% of its portfolio. Tradewinds Capital Management Lc holds 82 shares or 0.01% of its portfolio. Greenwich Wealth Management Lc owns 30,035 shares or 0.31% of their US portfolio. The California-based Assetmark Inc has invested 0.01% in Aetna Inc (NYSE:AET). Train Babcock Advsr Limited Liability Company last reported 0.29% of its portfolio in the stock. Profit Invest Ltd Liability Company holds 1.98% or 20,061 shares in its portfolio. Parkside Savings Bank Tru owns 829 shares or 0.05% of their US portfolio. Orrstown Fincl Services holds 1.22% or 9,308 shares in its portfolio. Moreover, Atika Capital Limited Company has 1.99% invested in Aetna Inc (NYSE:AET) for 38,000 shares. The Massachusetts-based Fmr Limited has invested 0.18% in Aetna Inc (NYSE:AET). Profund Advsrs Llc accumulated 0.09% or 14,551 shares. Palladium Prtnrs Limited Liability, a Virginia-based fund reported 40,267 shares. Convergence Inv Partners holds 0.45% of its portfolio in Aetna Inc (NYSE:AET) for 26,849 shares. Spirit Of America Mngmt Ny reported 3,800 shares or 0.07% of all its holdings.
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 4 insider sales for $14.58 million net activity. Shares for $5.45 million were sold by GUERTIN SHAWN M on Monday, August 22. 33,510 shares with value of $3.82 million were sold by Bertolini Mark T on Monday, May 2. $4.48 million worth of shares were sold by McCarthy Margaret M on Tuesday, May 10. GARTEN JEFFREY E had sold 7,100 shares worth $827,214.
Aetna Inc (NYSE:AET) Ratings Coverage
Out of 11 analysts covering Aetna (NYSE:AET), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. $162.0 is the highest target while $118 is the lowest. The $130 average target is 14.32% above today’s ($113.72) stock price. Aetna has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, April 8 by Cleveland. Bank of America upgraded Aetna Inc (NYSE:AET) on Thursday, July 30 to “Buy” rating. The firm has “Peer Perform” rating given on Thursday, July 21 by Wolfe Research. The stock has “Outperform” rating given by RBC Capital Markets on Friday, April 29. Jefferies maintained Aetna Inc (NYSE:AET) on Tuesday, February 2 with “Hold” rating. The firm has “Neutral” rating by Wedbush given on Tuesday, February 2. RBC Capital Markets maintained Aetna Inc (NYSE:AET) rating on Tuesday, February 2. RBC Capital Markets has “Outperform” rating and $140 price target. Credit Suisse initiated the stock with “Neutral” rating in Wednesday, December 16 report. The stock of Aetna Inc (NYSE:AET) earned “Overweight” rating by JP Morgan on Wednesday, September 16. The stock of Aetna Inc (NYSE:AET) has “Buy” rating given on Tuesday, August 4 by Sterne Agee CRT.
More recent Aetna Inc (NYSE:AET) news were published by: Bloomberg.com which released: “Aetna Will Subsidize Apple Watch in First U.S. Insurer Deal” on September 27, 2016. Also Courant.com published the news titled: “Aetna Says Government Lawyers Should Be Sanctioned” on October 04, 2016. Bizjournals.com‘s news article titled: “Aetna confident, but not cocky, about Humana DOJ trial” with publication date: September 16, 2016 was also an interesting one.
AET Company Profile
Aetna Inc., incorporated on December 20, 1982, is a diversified healthcare benefits company. The Firm offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare supplement plans, workers’ compensation administrative services and health information technology services and products, such as accountable care solutions (ACS). The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. The Company’s clients include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Governmental units, Government-sponsored plans, labor groups and expatriates.
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