Aetna Inc (AET) : Rock Springs Capital Management Lp scooped up 29,100 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 440,100 shares of Aetna Inc which is valued at $52,627,158.Aetna Inc makes up approximately 3.70% of Rock Springs Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Cobalt Capital Management sold out all of its stake in AET during the most recent quarter. The investment firm sold 172,502 shares of AET which is valued $20,627,789. Formidable Asset Management sold out all of its stake in AET during the most recent quarter. The investment firm sold 41 shares of AET which is valued $4,903.Brown Advisory Inc boosted its stake in AET in the latest quarter, The investment management firm added 602,910 additional shares and now holds a total of 612,515 shares of Aetna Inc which is valued at $72,472,775. Aetna Inc makes up approx 0.24% of Brown Advisory Inc’s portfolio.First Niagara Bank reduced its stake in AET by selling 15 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 2,626 shares of AET which is valued at $304,380. Aetna Inc makes up approx 0.09% of First Niagara Bank’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.