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

Aetna Inc (AET) : Twin Capital Management Inc reduced its stake in Aetna Inc by 5.97% during the most recent quarter end. The investment management company now holds a total of 65,170 shares of Aetna Inc which is valued at $7,767,612 after selling 4,140 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Aetna Inc makes up approximately 0.56% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Central Trust Co reduced its stake in AET by selling 1,776 shares or 10.85% in the most recent quarter. The Hedge Fund company now holds 14,597 shares of AET which is valued at $1,739,816. Aetna Inc makes up approx 0.13% of Central Trust Co’s portfolio.Cable Hill Partners reduced its stake in AET by selling 1,013 shares or 71.89% in the most recent quarter. The Hedge Fund company now holds 396 shares of AET which is valued at $47,239. Aetna Inc makes up approx 0.03% of Cable Hill Partners’s portfolio.Great West Life Assurance Co Can boosted its stake in AET in the latest quarter, The investment management firm added 52,839 additional shares and now holds a total of 348,126 shares of Aetna Inc which is valued at $40,682,004. Aetna Inc makes up approx 0.12% of Great West Life Assurance Co Can’s portfolio.Palisade Capital Managementnj reduced its stake in AET by selling 777 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 32,341 shares of AET which is valued at $3,779,369. Aetna Inc makes up approx 0.16% of Palisade Capital Managementnj’s portfolio.

Aetna Inc closed down -0.41 points or -0.34% at $119.17 with 8,64,107 shares getting traded on Monday. Post opening the session at $119.58, the shares hit an intraday low of $118.78 and an intraday high of $119.84 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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