Aetna Inc (AET) : Monetary Management Group Inc reduced its stake in Aetna Inc by 26.73% during the most recent quarter end. The investment management company now holds a total of 21,540 shares of Aetna Inc which is valued at $2,575,753 after selling 7,860 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Aetna Inc makes up approximately 1.16% of Monetary Management Group Inc’s portfolio.
Other Hedge Funds, Including , Bellevue Group Ag reduced its stake in AET by selling 19,100 shares or 42.44% in the most recent quarter. The Hedge Fund company now holds 25,900 shares of AET which is valued at $3,097,122. Aetna Inc makes up approx 0.54% of Bellevue Group Ag’s portfolio.Massmutual Trust Co Fsbadv boosted its stake in AET in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 138 shares of Aetna Inc which is valued at $16,502.Mutual Of America Capital Management boosted its stake in AET in the latest quarter, The investment management firm added 11,320 additional shares and now holds a total of 51,307 shares of Aetna Inc which is valued at $5,995,736. Aetna Inc makes up approx 0.12% of Mutual Of America Capital Management’s portfolio.Ngam Advisors reduced its stake in AET by selling 917 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 59,499 shares of AET which is valued at $6,953,053. Aetna Inc makes up approx 0.09% of Ngam Advisors’s portfolio.Gw Henssler Associates Ltd reduced its stake in AET by selling 7,053 shares or 20.9% in the most recent quarter. The Hedge Fund company now holds 26,691 shares of AET which is valued at $3,075,070. Aetna Inc makes up approx 0.35% of Gw Henssler Associates Ltd’s portfolio.
Aetna Inc closed down -0.21 points or -0.18% at $117.02 with 10,07,572 shares getting traded on Monday. Post opening the session at $117.56, the shares hit an intraday low of $116.73 and an intraday high of $117.66 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.