Wolfe Research Downgrades Aetna Inc to Peer Perform

Brokerage firm Wolfe Research Downgrades its rating on Aetna Inc(NYSE:AET). The shares have been rated Peer Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wolfe Research was issued on Jul 21, 2016.

In a different note, Bernstein said it Initiates Coverage on Aetna Inc, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Outperform’ by the firm.

Aetna Inc (AET) made into the market gainers list on Wednesdays trading session with the shares advancing 1.16% or 1.34 points. Due to strong positive momentum, the stock ended at $116.49, which is also near the day’s high of $117.11. The stock began the session at $115.97 and the volume stood at 29,92,569 shares. The 52-week high of the shares is $125.47 and the 52 week low is $92.42. The company has a current market capitalization of $40,841 M and it has 35,06,00,000 shares in outstanding.

Aetna Inc(AET) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $15.69B. Analysts had an estimated revenue of $15.46B. Earnings per share were $2.30. Analysts had estimated an EPS of $2.22.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Margaret M Mccarthy (EVP, Operations & Technology) sold 39,169 shares at $114.45 per share price.Also, On May 4, 2016, Mark T Bertolini (Chairman and CEO) sold 33,510 shares at $114.00 per share price.On Mar 17, 2016, Gary W Loveman (EVP, Consumer Health and Svcs) purchased 8,970 shares at $111.46 per share price, according to the Form-4 filing with the securities and exchange commission.

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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