W.g. Shaheen Associates Dba Whitney Co buys $6,818,103 stake in Aetna Inc (AET)

Aetna Inc (AET) : W.g. Shaheen Associates Dba Whitney Co scooped up 735 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 62,090 shares of Aetna Inc which is valued at $6,818,103.Aetna Inc makes up approximately 2.90% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Aetna Inc opened for trading at $109.67 and hit $111.12 on the upside on Monday, eventually ending the session at $110.47, with a gain of 0.60% or 0.66 points. The heightened volatility saw the trading volume jump to 14,83,429 shares. Company has a market cap of $38,620 M.

Other Hedge Funds, Including , 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.Exxonmobil Investment Management Inc Tx boosted its stake in AET in the latest quarter, The investment management firm added 6,961 additional shares and now holds a total of 85,119 shares of Aetna Inc which is valued at $9,346,917. Aetna Inc makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio. Edge Wealth Management sold out all of its stake in AET during the most recent quarter. The investment firm sold 44,421 shares of AET which is valued $4,809,017.

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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