Aetna Inc (AET) : Gareth Morgan Investments Limited Partnership reduced its stake in Aetna Inc by 1.65% during the most recent quarter end. The investment management company now holds a total of 115,611 shares of Aetna Inc which is valued at $12.5 Million after selling 1,939 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Aetna Inc makes up approximately 1.29% of Gareth Morgan Investments Limited Partnership’s portfolio.
Other Hedge Funds, Including , Advisor Partners boosted its stake in AET in the latest quarter, The investment management firm added 1,251 additional shares and now holds a total of 6,897 shares of Aetna Inc which is valued at $744,186. Aetna Inc makes up approx 0.28% of Advisor Partners’s portfolio.Howard Hughes Medical Institute reduced its stake in AET by selling 2,868 shares or 62.29% in the most recent quarter. The Hedge Fund company now holds 1,736 shares of AET which is valued at $187,314. Aetna Inc makes up approx 0.04% of Howard Hughes Medical Institute’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in AET by selling 147,421 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 9,167,452 shares of AET which is valued at $989.2 Million. Aetna Inc makes up approx 0.16% of Blackrock Institutional Trust Company N.a.’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in AET in the latest quarter, The investment management firm added 3,161 additional shares and now holds a total of 8,312 shares of Aetna Inc which is valued at $896,865. Aetna Inc makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Boys Arnold Co Inc reduced its stake in AET by selling 61,197 shares or 70.07% in the most recent quarter. The Hedge Fund company now holds 26,141 shares of AET which is valued at $2.9 Million. Aetna Inc makes up approx 1.16% of Boys Arnold Co Inc’s portfolio.
Aetna Inc opened for trading at $107.81 and hit $110.55 on the upside on Monday, eventually ending the session at $110.5, with a gain of 2.41% or 2.6 points. The heightened volatility saw the trading volume jump to 25,55,065 shares. Company has a market cap of $38,741 M.
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.