Aetna (NYSE:AET) has climbed 0.48% in the past week and advanced 9.45% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.69% and the outperformance has advanced to 8.46% for the last 4 weeks period.
Aetna (NYSE:AET): The stock opened at $121.44 on Friday but the bulls could not build on the opening and the stock topped out at $121.74 for the day. The stock traded down to $120.30 during the day, due to lack of any buying support eventually closed down at $121.10 with a loss of -0.44% for the day. The stock had closed at $121.64 on the previous day. The total traded volume was 2,103,728 shares.
The company shares have dropped -2.39% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $134.40 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $115.10 and the 200 Day Moving Average price is recorded at $109.74.
On the companys insider trading activities,The officer (EVP, Operations & Technology) of Aetna Inc /Pa/, Mccarthy Margaret M sold 39,169 shares at $114.45 on May 10, 2016. The Insider selling transaction had a total value worth of $4,482,892. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Bernstein initiates coverage on Aetna (NYSE:AET).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.9% of Aetna shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -41.05% . Institutional Investors own 95.34% of Aetna shares. During last six month period, the net percent change held by insiders has seen a change of -29.77%.
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 Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys 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.