Aetna Inc (AET) : Krasney Financial reduced its stake in Aetna Inc by 13.68% during the most recent quarter end. The investment management company now holds a total of 68,070 shares of Aetna Inc which is valued at $8,139,811 after selling 10,789 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Aetna Inc makes up approximately 1.82% of Krasney Financial’s portfolio.
Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in AET by selling 10,830 shares or 7.9% in the most recent quarter. The Hedge Fund company now holds 126,309 shares of AET which is valued at $15,104,030. Aetna Inc makes up approx 0.07% of Thrivent Financial For Lutherans’s portfolio.Cleararc Capital Inc reduced its stake in AET by selling 13 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 8,530 shares of AET which is valued at $1,020,017. Aetna Inc makes up approx 0.19% of Cleararc Capital Inc’s portfolio.Royal London Asset Management Ltd reduced its stake in AET by selling 7,628 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 118,550 shares of AET which is valued at $13,853,753. Aetna Inc makes up approx 0.22% of Royal London Asset Management Ltd’s portfolio.Sol Capital Management Co reduced its stake in AET by selling 43 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 4,108 shares of AET which is valued at $473,283. Aetna Inc makes up approx 0.14% of Sol Capital Management Co’s portfolio.Mai Capital Management reduced its stake in AET by selling 173 shares or 5.08% in the most recent quarter. The Hedge Fund company now holds 3,234 shares of AET which is valued at $382,776. Aetna Inc makes up approx 0.03% of Mai Capital Management’s portfolio.
Aetna Inc closed down -0.21 points or -0.18% at $117.02 with 10,07,572 shares getting traded on Monday. Post opening the session at $117.56, the shares hit an intraday low of $116.73 and an intraday high of $117.66 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.