Blue Edge Capital Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Blue Edge Capital reduced its stake in Aetna Inc by 4.46% during the most recent quarter end. The investment management company now holds a total of 10,474 shares of Aetna Inc which is valued at $1,298,567 after selling 489 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Aetna Inc makes up approximately 0.73% of Blue Edge Capital’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild (europe) reduced its stake in AET by selling 1,420 shares or 62.67% in the most recent quarter. The Hedge Fund company now holds 846 shares of AET which is valued at $104,887. Aetna Inc makes up approx 0.05% of Edmond De Rothschild (europe)’s portfolio.Blackrock Advisors boosted its stake in AET in the latest quarter, The investment management firm added 229,379 additional shares and now holds a total of 7,148,304 shares of Aetna Inc which is valued at $784,454,881. Aetna Inc makes up approx 0.86% of Blackrock Advisors’s portfolio.Amica Mutual Insurance Co reduced its stake in AET by selling 7,729 shares or 29.82% in the most recent quarter. The Hedge Fund company now holds 18,187 shares of AET which is valued at $1,929,641. Aetna Inc makes up approx 0.19% of Amica Mutual Insurance Co’s portfolio. Cornerstone Wealth Management added AET to its portfolio by purchasing 2,001 company shares during the most recent quarter which is valued at $211,746. Aetna Inc makes up approx 0.08% of Cornerstone Wealth Management’s portfolio.

Aetna Inc closed down -1.32 points or -1.05% at $124.88 with 28,48,947 shares getting traded on Monday. Post opening the session at $126.11, the shares hit an intraday low of $124.73 and an intraday high of $126.15 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 $2.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $2.03. The company had revenue of $15781.50 million for the quarter, compared to analysts expectations of $15759.72 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.

Many Wall Street Analysts have commented on Aetna Inc. Aetna Inc was Downgraded by Bernstein to ” Mkt Perform” on Nov 14, 2016. Aetna Inc was Upgraded by Credit Suisse to ” Outperform” on Nov 11, 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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