Blackrock Advisors buys $827,365,052 stake in Aetna Inc (AET)

Aetna Inc (AET) : Blackrock Advisors scooped up 25,431 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 6,918,925 shares of Aetna Inc which is valued at $827,365,052.Aetna Inc makes up approximately 0.86% of Blackrock Advisors’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners reduced its stake in AET by selling 8,518 shares or 24.08% in the most recent quarter. The Hedge Fund company now holds 26,849 shares of AET which is valued at $3,210,603. Aetna Inc makes up approx 0.42% of Convergence Investment Partners’s portfolio.Teacher Retirement System Of Texas reduced its stake in AET by selling 75,228 shares or 17.22% in the most recent quarter. The Hedge Fund company now holds 361,514 shares of AET which is valued at $42,774,336. Aetna Inc makes up approx 0.28% of Teacher Retirement System Of Texas’s portfolio.Jnba Financial Advisors boosted its stake in AET in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 3,699 shares of Aetna Inc which is valued at $445,582. Aetna Inc makes up approx 0.12% of Jnba Financial Advisors’s portfolio. Pennsylvania Trust Co added AET to its portfolio by purchasing 1,810 company shares during the most recent quarter which is valued at $210,847. Aetna Inc makes up approx 0.02% of Pennsylvania Trust Co’s portfolio.Acadian Asset Management reduced its stake in AET by selling 5 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 5,204 shares of AET which is valued at $606,214.

Aetna Inc closed down -0.96 points or -0.79% at $120.08 with 16,90,389 shares getting traded on Friday. Post opening the session at $120.44, the shares hit an intraday low of $119.68 and an intraday high of $120.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Aetna Inc reported $2.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $2.12. The company had revenue of $15952.30 million for the quarter, compared to analysts expectations of $15762.79 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Aetna Inc. Aetna Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional voluntary and consumer-directed health insurance products and related services. The Company’s operations are conducted in three business segments: Health Care Group Insurance and Large Case Pensions. The Company’s Health Care segment includes medical pharmacy benefit management services dental behavioral health and vision plans. The Company’s Group Insurance segment’s products consist primarily of Life Insurance Products Disability Insurance Products and Long-Term Care Insurance Products. The Company’s Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Company’s customers include employer groups individuals college students part-time and hourly workers health plans health care providers Governmental units Government-sponsored plans labor groups and expatriates.

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