Becker Capital Management Inc Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Becker Capital Management Inc reduced its stake in Aetna Inc by 0.96% during the most recent quarter end. The investment management company now holds a total of 347,881 shares of Aetna Inc which is valued at $40,653,374 after selling 3,355 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Aetna Inc makes up approximately 1.60% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in AET by selling 65,000 shares or 10.08% in the most recent quarter. The Hedge Fund company now holds 580,120 shares of AET which is valued at $67,792,823. Aetna Inc makes up approx 0.30% of State Of New Jersey Common Pension Fund D’s portfolio.Highstreet Asset Management boosted its stake in AET in the latest quarter, The investment management firm added 2,682 additional shares and now holds a total of 9,221 shares of Aetna Inc which is valued at $1,110,762. Aetna Inc makes up approx 0.38% of Highstreet Asset Management’s portfolio.Ls Investment Advisors reduced its stake in AET by selling 105 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 9,270 shares of AET which is valued at $1,116,664. Aetna Inc makes up approx 0.07% of Ls Investment Advisors’s portfolio.New Century Investment Management Inc reduced its stake in AET by selling 2,836 shares or 12.69% in the most recent quarter. The Hedge Fund company now holds 19,509 shares of AET which is valued at $2,350,054. Aetna Inc makes up approx 1.21% of New Century Investment Management Inc’s portfolio.Blb&b Advisors reduced its stake in AET by selling 155 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 13,393 shares of AET which is valued at $1,560,151. Aetna Inc makes up approx 0.29% of Blb&b Advisors’s portfolio.

Aetna Inc closed down -0.97 points or -0.81% at $118.32 with 20,96,372 shares getting traded on Monday. Post opening the session at $119.3, the shares hit an intraday low of $117.93 and an intraday high of $119.3 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 $2.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $2.12. The company had revenue of $15952.30 million for the quarter, compared to analysts expectations of $15762.79 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Aetna Inc. Aetna Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

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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