Senzar Asset Management Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Senzar Asset Management reduced its stake in Aetna Inc by 62.65% during the most recent quarter end. The investment management company now holds a total of 200,000 shares of Aetna Inc which is valued at $21.6 Million after selling 335,532 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Aetna Inc makes up approximately 4.22% of Senzar Asset Management’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in AET in the latest quarter, The investment management firm added 414,742 additional shares and now holds a total of 507,950 shares of Aetna Inc which is valued at $54.8 Million. Aetna Inc makes up approx 0.22% of I.g. Investment Management Ltd.’s portfolio. Cibc World Markets Corp added AET to its portfolio by purchasing 357,207 company shares during the most recent quarter which is valued at $38.5 Million. Aetna Inc makes up approx 1.29% of Cibc World Markets Corp’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in AET by selling 650 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 139,441 shares of AET which is valued at $15.7 Million. Aetna Inc makes up approx 0.22% of Nisa Investment Advisors L.l.c.’s portfolio.

Aetna Inc opened for trading at $112.31 and hit $113.85 on the upside on Wednesday, eventually ending the session at $113.69, with a gain of 1.85% or 2.06 points. The heightened volatility saw the trading volume jump to 29,27,697 shares. Company has a market cap of $39,860 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.

Investors should note that on May 20, 2016, Aetna Inc announced a cash dividend of $0.2500. The company’s management has announced Jul 12, 2016 as the ex-dividend date and fixed the record date on Jul 14, 2016. The payable date has been fixed on Jul 29, 2016.

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.

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