Nepsis Capital Management Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Nepsis Capital Management reduced its stake in Aetna Inc by 17.79% during the most recent quarter end. The investment management company now holds a total of 37,128 shares of Aetna Inc which is valued at $4,258,953 after selling 8,034 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Aetna Inc makes up approximately 2.28% of Nepsis Capital Management’s portfolio.

Other Hedge Funds, Including , Contravisory Investment Management sold out all of its stake in AET during the most recent quarter. The investment firm sold 18 shares of AET which is valued $2,065.Nadler Financial Group boosted its stake in AET in the latest quarter, The investment management firm added 89 additional shares and now holds a total of 7,884 shares of Aetna Inc which is valued at $896,568. Aetna Inc makes up approx 0.36% of Nadler Financial Group’s portfolio. Summit Financial Wealth Advisors sold out all of its stake in AET during the most recent quarter. The investment firm sold 2,015 shares of AET which is valued $231,685.Bnp Paribas Arbitrage Sa reduced its stake in AET by selling 34,783 shares or 54.75% in the most recent quarter. The Hedge Fund company now holds 28,751 shares of AET which is valued at $3,305,790. Aetna Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in AET in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 3,123 shares of Aetna Inc which is valued at $359,083. Aetna Inc makes up approx 0.09% of Washington Trust Bank’s portfolio.

Aetna Inc closed down -2.39 points or -2.09% at $112.07 with 22,75,295 shares getting traded on Tuesday. Post opening the session at $114.32, the shares hit an intraday low of $111.83 and an intraday high of $114.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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