Aetna Inc (AET) : Solaris Asset Management reduced its stake in Aetna Inc by 5.26% during the most recent quarter end. The investment management company now holds a total of 39,205 shares of Aetna Inc which is valued at $4.2 Million after selling 2,177 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Aetna Inc makes up approximately 2.96% of Solaris Asset Management’s portfolio.
Other Hedge Funds, Including , Keybank National Associationoh boosted its stake in AET in the latest quarter, The investment management firm added 7,323 additional shares and now holds a total of 435,781 shares of Aetna Inc which is valued at $47 Million. Aetna Inc makes up approx 0.31% of Keybank National Associationoh’s portfolio.Utah Retirement Systems boosted its stake in AET in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 62,714 shares of Aetna Inc which is valued at $6.8 Million. Aetna Inc makes up approx 0.18% of Utah Retirement Systems’s portfolio.Cambridge Investment Research Advisors reduced its stake in AET by selling 862 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 19,426 shares of AET which is valued at $2.2 Million. Aetna Inc makes up approx 0.05% of Cambridge Investment Research Advisors’s portfolio.Factory Mutual Insurance Co reduced its stake in AET by selling 102,700 shares or 28.95% in the most recent quarter. The Hedge Fund company now holds 252,000 shares of AET which is valued at $28.3 Million. Aetna Inc makes up approx 0.36% of Factory Mutual Insurance Co’s portfolio.Sumitomo Life Insurance Co reduced its stake in AET by selling 407 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 13,411 shares of AET which is valued at $1.5 Million. Aetna Inc makes up approx 0.20% of Sumitomo Life Insurance Co’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.