Cqs Cayman Lp Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Cqs Cayman Lp reduced its stake in Aetna Inc by 15.66% during the most recent quarter end. The investment management company now holds a total of 70,012 shares of Aetna Inc which is valued at $8,283,820 after selling 13,000 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Aetna Inc makes up approximately 1.92% of Cqs Cayman Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in AET by selling 60,846 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 3,841,069 shares of AET which is valued at $454,475,284. Aetna Inc makes up approx 0.25% of Dimensional Fund Advisors Lp’s portfolio. Timber Hill sold out all of its stake in AET during the most recent quarter. The investment firm sold 2,356 shares of AET which is valued $281,047. Herndon Capital Management added AET to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $3,687. Seabridge Investment Advisors added AET to its portfolio by purchasing 489 company shares during the most recent quarter which is valued at $58,905. Aetna Inc makes up approx 0.01% of Seabridge Investment Advisors’s portfolio.

Aetna Inc opened for trading at $118.98 and hit $120.71 on the upside on Wednesday, eventually ending the session at $120.55, with a gain of 1.36% or 1.62 points. The heightened volatility saw the trading volume jump to 24,62,700 shares. Company has a market cap of $42,289 M.

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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