Aetna Inc /pa/ (AET): Mark T Bertolini , Chairman and CEO of Aetna Inc /pa/ sold 33,510 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $114.00 per share for a total value of $3,820,156.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Gary W Loveman (EVP, Consumer Health and Svcs) purchased 8,970 shares at $111.46 per share price.On Dec 28, 2015, Margaret M Mccarthy (EVP, Operations & Technology) sold 18,373 shares at $109.97 per share price.Also, On Dec 23, 2015, Mark T Bertolini (Chairman and CEO) sold 26,996 shares at $110.00 per share price.On Aug 17, 2015, Joseph M Zubretsky (Senior EVP, Healthagen) sold 179,087 shares at $118.67 per share price.
Shares of Aetna Inc (AET) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.01 points or -0.89% at $113.06 with 23,16,305 shares getting traded. Post opening the session at $113.05, the shares hit an intraday low of $112.3 and an intraday high of $113.97 and the price vacillated in this range throughout the day. The company has a market cap of $39,639 M and the number of outstanding shares has been calculated to be 35,06,00,000 shares. The 52-week high of Aetna Inc is $134.4 and the 52-week low is $92.42.
Company has been under the radar of several Street Analysts.Aetna Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 144 from a previous price target of $140 .The Rating was issued on Apr 29, 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.