Endurant Capital Management Lp buys $11,385,810 stake in Aetna Inc (AET)

Aetna Inc (AET) : Endurant Capital Management Lp scooped up 9,200 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 95,215 shares of Aetna Inc which is valued at $11,385,810.Aetna Inc makes up approximately 3.23% of Endurant Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Absolute Return Capital reduced its stake in AET by selling 136,809 shares or 79.41% in the most recent quarter. The Hedge Fund company now holds 35,481 shares of AET which is valued at $4,242,818. Aetna Inc makes up approx 0.24% of Absolute Return Capital’s portfolio.Affinity Investment Advisors boosted its stake in AET in the latest quarter, The investment management firm added 1,662 additional shares and now holds a total of 167,861 shares of Aetna Inc which is valued at $20,007,353. Aetna Inc makes up approx 1.43% of Affinity Investment Advisors’s portfolio.Bradley Foster Sargent Incct reduced its stake in AET by selling 2,498 shares or 13.12% in the most recent quarter. The Hedge Fund company now holds 16,536 shares of AET which is valued at $1,956,540. Aetna Inc makes up approx 0.09% of Bradley Foster Sargent Incct’s portfolio.Advisors Asset Management reduced its stake in AET by selling 6,536 shares or 21.54% in the most recent quarter. The Hedge Fund company now holds 23,804 shares of AET which is valued at $2,837,199. Aetna Inc makes up approx 0.04% of Advisors Asset Management’s portfolio.Chicago Equity Partners reduced its stake in AET by selling 43,895 shares or 60.35% in the most recent quarter. The Hedge Fund company now holds 28,840 shares of AET which is valued at $3,322,656. Aetna Inc makes up approx 0.09% of Chicago Equity Partners’s portfolio.

Aetna Inc closed down -0.96 points or -0.82% at $116.16 with 17,64,834 shares getting traded on Thursday. Post opening the session at $117.44, the shares hit an intraday low of $115.83 and an intraday high of $117.61 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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