Newfound Research adds Aetna Inc (AET) to its portfolio

Aetna Inc (AET) : Newfound Research added new position in Aetna Inc during the most recent quarter end. The investment management firm now holds 23 shares of Aetna Inc which is valued at $2,741 , the company said in a statement filed on Aug 9, 2016 with the SEC.

Other Hedge Funds, Including , Pittenger Anderson Inc reduced its stake in AET by selling 190 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 18,520 shares of AET which is valued at $2,191,286. Aetna Inc makes up approx 0.24% of Pittenger Anderson Inc’s portfolio.Commonwealth Equity Services Inc boosted its stake in AET in the latest quarter, The investment management firm added 3,947 additional shares and now holds a total of 42,587 shares of Aetna Inc which is valued at $5,080,203. Aetna Inc makes up approx 0.04% of Commonwealth Equity Services Inc’s portfolio.Highstreet Asset Management boosted its stake in AET in the latest quarter, The investment management firm added 2,682 additional shares and now holds a total of 9,221 shares of Aetna Inc which is valued at $1,110,762. Aetna Inc makes up approx 0.38% of Highstreet Asset Management’s portfolio.Rockefeller Financial Services Inc reduced its stake in AET by selling 99 shares or 9.01% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of AET which is valued at $120,460.Davenport Co boosted its stake in AET in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 5,761 shares of Aetna Inc which is valued at $686,596. Aetna Inc makes up approx 0.01% of Davenport Co’s portfolio.

Aetna Inc opened for trading at $118.98 and hit $120.71 on the upside on Wednesday, eventually ending the session at $120.55, with a gain of 1.36% or 1.62 points. The heightened volatility saw the trading volume jump to 24,62,700 shares. Company has a market cap of $42,289 M.

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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