Aetna (AET): Price Target and June Short Interest Disclosure

Aetna (AET) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $163 and the lowest price target forecast is $80. The average forecast of all the analysts is $136.21 and the expected standard deviation is $19.44.

Aetna (AET) stated loss of 1,343,253 shares or 8.1% in the short interest. The short interest registered from 16,659,576 on June 15,2016 to 15,316,323 on June 30,2016. In terms of floated shares, the shorted positions stood at 4.4%. The stock has been averaging 2,639,200 shares daily in trading and would need 6 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bernstein initiates coverage on Aetna (NYSE:AET) The shares have been rated Outperform. The rating by the firm was issued on June 16, 2016.


Aetna (NYSE:AET): On Thursdays trading session , Opening price of the stock was $120.11 with an intraday high of $120.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $119.06. However, the stock managed to close at $119.15, a loss of 0.03% for the day. On the previous day, the stock had closed at $119.18. The total traded volume of the day was 3,466,861 shares.

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.

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