Aetna Inc (AET) : James Investment Research Inc reduced its stake in Aetna Inc by 29.12% during the most recent quarter end. The investment management company now holds a total of 470,358 shares of Aetna Inc which is valued at $55,671,573 after selling 193,246 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Aetna Inc makes up approximately 1.38% of James Investment Research Inc’s portfolio.
Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in AET by selling 455 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 12,956 shares of AET which is valued at $1,533,472. Aetna Inc makes up approx 0.20% of Sumitomo Life Insurance Co’s portfolio.Private Bank Trust Co reduced its stake in AET by selling 118 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 1,967 shares of AET which is valued at $232,814. Aetna Inc makes up approx 0.04% of Private Bank Trust Co’s portfolio.Physicians Financial Services boosted its stake in AET in the latest quarter, The investment management firm added 3,657 additional shares and now holds a total of 6,811 shares of Aetna Inc which is valued at $806,150. Aetna Inc makes up approx 0.69% of Physicians Financial Services’s portfolio.Central Bank Trust Co reduced its stake in AET by selling 1,497 shares or 9.28% in the most recent quarter. The Hedge Fund company now holds 14,637 shares of AET which is valued at $1,744,438. Aetna Inc makes up approx 0.49% of Central Bank Trust Co’s portfolio.
Aetna Inc closed down -0.27 points or -0.23% at $118.36 with 22,99,333 shares getting traded on Monday. Post opening the session at $118.94, the shares hit an intraday low of $117.48 and an intraday high of $119.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. Aetna Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. 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.