Aetna Inc (AET) : Headinvest reduced its stake in Aetna Inc by 4.37% during the most recent quarter end. The investment management company now holds a total of 2,190 shares of Aetna Inc which is valued at $251,456 after selling 100 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Aetna Inc makes up approximately 0.10% of Headinvest’s portfolio.
Aetna Inc closed down -1.97 points or -1.70% at $113.8 with 24,45,134 shares getting traded on Wednesday. Post opening the session at $115.61, the shares hit an intraday low of $113.29 and an intraday high of $115.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Meritage Portfolio Management boosted its stake in AET in the latest quarter, The investment management firm added 21,100 additional shares and now holds a total of 49,600 shares of Aetna Inc which is valued at $5,695,072. Aetna Inc makes up approx 0.64% of Meritage Portfolio Management’s portfolio.Webster Bank N. A. reduced its stake in AET by selling 80 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 6,623 shares of AET which is valued at $727,272. Aetna Inc makes up approx 0.11% of Webster Bank N. A.’s portfolio.Chicago Trust Co Na reduced its stake in AET by selling 189 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 24,253 shares of AET which is valued at $2,625,630. Aetna Inc makes up approx 1.14% of Chicago Trust Co Na’s portfolio.Mai Capital Management reduced its stake in AET by selling 169 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 3,407 shares of AET which is valued at $368,842. Aetna Inc makes up approx 0.03% of Mai Capital Management’s portfolio.
On the company’s financial health, Aetna Inc reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $1.22. The company had revenue of $15048.50 million for the quarter, compared to analysts expectations of $14936.18 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.
Many Wall Street Analysts have commented on Aetna Inc. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 140 from a previous price target of $142 .Shares were Reiterated by Wedbush on Feb 2, 2016 to “Neutral” and Lowered the Price Target to $ 120 from a previous price target of $130 .
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.