Aetna Inc (AET) : Burney Co reduced its stake in Aetna Inc by 4.53% during the most recent quarter end. The investment management company now holds a total of 182,438 shares of Aetna Inc which is valued at $21,815,936 after selling 8,653 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Aetna Inc makes up approximately 1.51% of Burney Co’s portfolio.
Other Hedge Funds, Including , Newfound Research added AET to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $2,741. Newsquare Capital sold out all of its stake in AET during the most recent quarter. The investment firm sold 105 shares of AET which is valued $12,171.
Aetna Inc closed down -0.96 points or -0.79% at $120.08 with 16,90,389 shares getting traded on Friday. Post opening the session at $120.44, the shares hit an intraday low of $119.68 and an intraday high of $120.93 and the price fluctuated in this range throughout the day.Shares ended Friday 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.