Aetna Inc (AET) : Pggm Investments scooped up 280,978 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 794,893 shares of Aetna Inc which is valued at $92,136,048.Aetna Inc makes up approximately 0.46% of Pggm Investments’s portfolio.
Other Hedge Funds, Including , Canandaigua National Bank Trust Co reduced its stake in AET by selling 350 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 11,004 shares of AET which is valued at $1,275,474. Aetna Inc makes up approx 0.36% of Canandaigua National Bank Trust Co’s portfolio.Lingohr Partner Asset Management Gmbh reduced its stake in AET by selling 4,600 shares or 48.22% in the most recent quarter. The Hedge Fund company now holds 4,940 shares of AET which is valued at $595,072. Aetna Inc makes up approx 0.57% of Lingohr Partner Asset Management Gmbh’s portfolio.Eagle Asset Management Inc reduced its stake in AET by selling 24,730 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 579,564 shares of AET which is valued at $67,513,410. Aetna Inc makes up approx 0.45% of Eagle Asset Management Inc’s portfolio.Carroll Financial Associates reduced its stake in AET by selling 82 shares or 11.7% in the most recent quarter. The Hedge Fund company now holds 619 shares of AET which is valued at $72,107. Aetna Inc makes up approx 0.01% of Carroll Financial Associates’s portfolio.James Investment Research Inc reduced its stake in AET by selling 193,246 shares or 29.12% in the most recent quarter. The Hedge Fund company now holds 470,358 shares of AET which is valued at $55,671,573. Aetna Inc makes up approx 1.38% of James Investment Research Inc’s portfolio.
Aetna Inc closed down -0.58 points or -0.50% at $115.21 with 25,20,746 shares getting traded on Friday. Post opening the session at $114.09, the shares hit an intraday low of $114.09 and an intraday high of $116.55 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 $2.30 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.