Cohen Capital Management buys $5,274,929 stake in Aetna Inc (AET)

Aetna Inc (AET) : Cohen Capital Management scooped up 350 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 48,050 shares of Aetna Inc which is valued at $5,274,929.Aetna Inc makes up approximately 1.58% of Cohen Capital Management’s portfolio.

Other Hedge Funds, Including , Profit Investment Management reduced its stake in AET by selling 6,233 shares or 31.07% in the most recent quarter. The Hedge Fund company now holds 13,828 shares of AET which is valued at $1,518,038. Aetna Inc makes up approx 1.53% of Profit Investment Management’s portfolio.Atria Investments boosted its stake in AET in the latest quarter, The investment management firm added 312 additional shares and now holds a total of 2,258 shares of Aetna Inc which is valued at $253,054. Aetna Inc makes up approx 0.02% of Atria Investments’s portfolio.Nepsis Capital Management reduced its stake in AET by selling 8,034 shares or 17.79% in the most recent quarter. The Hedge Fund company now holds 37,128 shares of AET which is valued at $4,258,953. Aetna Inc makes up approx 2.28% of Nepsis Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in AET by selling 1,181 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 89,572 shares of AET which is valued at $10,186,128. Aetna Inc makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio.First Mercantile Trust Co reduced its stake in AET by selling 613 shares or 20.77% in the most recent quarter. The Hedge Fund company now holds 2,339 shares of AET which is valued at $265,991. Aetna Inc makes up approx 0.04% of First Mercantile Trust Co’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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