Aetna Inc (AET) : Burney Co reduced its stake in Aetna Inc by 4.68% during the most recent quarter end. The investment management company now holds a total of 191,091 shares of Aetna Inc which is valued at $21,558,887 after selling 9,384 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Aetna Inc makes up approximately 1.58% of Burney Co’s portfolio.
Aetna Inc closed down -1.05 points or -0.92% at $112.82 with 32,03,232 shares getting traded on Friday. Post opening the session at $113.19, the shares hit an intraday low of $111.73 and an intraday high of $114.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AET in the latest quarter, The investment management firm added 4,197 additional shares and now holds a total of 58,075 shares of Aetna Inc which is valued at $6,552,022. Aetna Inc makes up approx 0.18% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Dowling Yahnke boosted its stake in AET in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 3,529 shares of Aetna Inc which is valued at $396,201. Aetna Inc makes up approx 0.05% of Dowling Yahnke’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in AET by selling 90,000 shares or 12.24% in the most recent quarter. The Hedge Fund company now holds 645,120 shares of AET which is valued at $72,427,622. Aetna Inc makes up approx 0.32% of State Of New Jersey Common Pension Fund D’s portfolio.Calamos Advisors boosted its stake in AET in the latest quarter, The investment management firm added 3,770 additional shares and now holds a total of 62,937 shares of Aetna Inc which is valued at $7,065,937. Aetna Inc makes up approx 0.06% of Calamos Advisors’s portfolio.
On the company’s financial health, Aetna Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.23. The company had revenue of $15693.80 million for the quarter, compared to analysts expectations of $15534.40 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS.
Many Wall Street Analysts have commented on Aetna Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 144 from a previous price target of $140 .
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.