Regentatlantic Capital Lowers stake in Aetna Inc (AET)

Aetna Inc (AET) : Regentatlantic Capital reduced its stake in Aetna Inc by 1.26% during the most recent quarter end. The investment management company now holds a total of 119,760 shares of Aetna Inc which is valued at $13,950,842 after selling 1,527 shares in Aetna Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Aetna Inc makes up approximately 1.31% of Regentatlantic Capital’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in AET in the latest quarter, The investment management firm added 5,750 additional shares and now holds a total of 145,191 shares of Aetna Inc which is valued at $17,184,807. Aetna Inc makes up approx 0.22% of Nisa Investment Advisors’s portfolio.Legacy Private Trust boosted its stake in AET in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 29,010 shares of Aetna Inc which is valued at $3,433,624. Aetna Inc makes up approx 0.49% of Legacy Private Trust’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in AET by selling 90 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 5,900 shares of AET which is valued at $699,917. Aetna Inc makes up approx 0.13% of Cape Cod Five Cents Savings Bank’s portfolio.Dnb Asset Management As reduced its stake in AET by selling 32,800 shares or 37.71% in the most recent quarter. The Hedge Fund company now holds 54,171 shares of AET which is valued at $6,338,007. Aetna Inc makes up approx 0.13% of Dnb Asset Management As’s portfolio.

Aetna Inc opened for trading at $115.97 and hit $117.11 on the upside on Wednesday, eventually ending the session at $116.49, with a gain of 1.16% or 1.34 points. The heightened volatility saw the trading volume jump to 29,92,569 shares. Company has a market cap of $40,841 M.

On the company’s financial health, Aetna Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $2.23. The company had revenue of $15693.80 million for the quarter, compared to analysts expectations of $15534.40 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS.

Many Wall Street Analysts have commented on Aetna Inc. Aetna Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 144 from a previous price target of $140 .

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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