Washington Trust Bank buys $359,083 stake in Aetna Inc (AET)

Aetna Inc (AET) : Washington Trust Bank scooped up 29 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 3,123 shares of Aetna Inc which is valued at $359,083.Aetna Inc makes up approximately 0.09% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in AET in the latest quarter, The investment management firm added 991 additional shares and now holds a total of 10,191 shares of Aetna Inc which is valued at $1,171,761. Aetna Inc makes up approx 0.07% of Eqis Capital Management’s portfolio.

Aetna Inc opened for trading at $114.85 and hit $115.23 on the upside on Tuesday, eventually ending the session at $114.77, with a gain of 0.04% or 0.05 points. The heightened volatility saw the trading volume jump to 13,86,812 shares. Company has a market cap of $40,261 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.

Investors should note that on Sep 30, 2016, Aetna Inc announced a cash dividend of $0.2500. The company’s management has announced Oct 11, 2016 as the ex-dividend date and fixed the record date on Oct 13, 2016. The payable date has been fixed on Oct 28, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Aetna Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Aetna Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.