Hirtle Callaghan Co Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Hirtle Callaghan Co reduced its stake in Aetna Inc by 13.69% during the most recent quarter end. The investment management company now holds a total of 5,044 shares of Aetna Inc which is valued at $589,442 after selling 800 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Aetna Inc makes up approximately 0.11% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc reduced its stake in AET by selling 746 shares or 6.71% in the most recent quarter. The Hedge Fund company now holds 10,377 shares of AET which is valued at $1,212,656. Aetna Inc makes up approx 0.23% of Foster Motley Inc’s portfolio.Sol Capital Management Co reduced its stake in AET by selling 43 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 4,108 shares of AET which is valued at $473,283. Aetna Inc makes up approx 0.14% of Sol Capital Management Co’s portfolio.Cambiar Investors reduced its stake in AET by selling 27,073 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 482,296 shares of AET which is valued at $55,902,929. Aetna Inc makes up approx 0.76% of Cambiar Investors’s portfolio.Huntington National Bank reduced its stake in AET by selling 1,218 shares or 13.32% in the most recent quarter. The Hedge Fund company now holds 7,927 shares of AET which is valued at $918,819. Aetna Inc makes up approx 0.02% of Huntington National Bank’s portfolio.Lingohr Partner Asset Management Gmbh reduced its stake in AET by selling 4,600 shares or 48.22% in the most recent quarter. The Hedge Fund company now holds 4,940 shares of AET which is valued at $595,072. Aetna Inc makes up approx 0.57% of Lingohr Partner Asset Management Gmbh’s portfolio.

Aetna Inc closed down -0.97 points or -0.81% at $118.32 with 20,96,372 shares getting traded on Monday. Post opening the session at $119.3, the shares hit an intraday low of $117.93 and an intraday high of $119.3 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 $2.21 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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