Aberdeen Asset Management Plcuk Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Aberdeen Asset Management Plcuk reduced its stake in Aetna Inc by 0.02% during the most recent quarter end. The investment management company now holds a total of 557,493 shares of Aetna Inc which is valued at $65,148,632 after selling 112 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Aetna Inc makes up approximately 0.23% of Aberdeen Asset Management Plcuk’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in AET by selling 170,091 shares or 40.31% in the most recent quarter. The Hedge Fund company now holds 251,873 shares of AET which is valued at $29,433,879. Aetna Inc makes up approx 0.38% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Rehmann Capital Advisory Group boosted its stake in AET in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 2,209 shares of Aetna Inc which is valued at $256,045. Aetna Inc makes up approx 0.05% of Rehmann Capital Advisory Group’s portfolio. Atria Investments added AET to its portfolio by purchasing 1,946 company shares during the most recent quarter which is valued at $231,924. Aetna Inc makes up approx 0.02% of Atria Investments’s portfolio.

Aetna Inc closed down -0.25 points or -0.21% at $116.61 with 24,83,349 shares getting traded on Thursday. Post opening the session at $116.67, the shares hit an intraday low of $115.83 and an intraday high of $117.69 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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