Reilly Financial Advisors buys $11,557,781 stake in Aetna Inc (AET)

Aetna Inc (AET) : Reilly Financial Advisors scooped up 1,547 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 100,660 shares of Aetna Inc which is valued at $11,557,781.Aetna Inc makes up approximately 2.52% of Reilly Financial Advisors’s portfolio.

Aetna Inc opened for trading at $113.44 and hit $114.82 on the upside on Friday, eventually ending the session at $114.82, with a gain of 1.53% or 1.73 points. The heightened volatility saw the trading volume jump to 20,30,275 shares. Company has a market cap of $40,141 M.

Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in AET by selling 94 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 2,458 shares of AET which is valued at $282,228. Aetna Inc makes up approx 0.10% of Centurylink Investment Management Co’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in AET in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 103,985 shares of Aetna Inc which is valued at $11,939,558. Aetna Inc makes up approx 0.20% of Gulf International Bank (uk) Ltd’s portfolio. Gofen Glossberg Il added AET to its portfolio by purchasing 1,932 company shares during the most recent quarter which is valued at $212,153. Aetna Inc makes up approx 0.01% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co reduced its stake in AET by selling 2,071 shares or 11.38% in the most recent quarter. The Hedge Fund company now holds 16,134 shares of AET which is valued at $1,771,675. Aetna Inc makes up approx 0.49% of Central Bank Trust Co’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.

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