What’s Propelling Aetna Inc to Increase So Much?

 What's Propelling Aetna Inc to Increase So Much?

In today’s session Aetna Inc (AET) registered an unusually high (503) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AET increase. With 503 contracts traded and 5334 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AET161118C00110000 closed last at: $2.89 or 15% down. About 820,861 shares traded hands. Aetna Inc (NYSE:AET) has declined 5.21% since March 29, 2016 and is downtrending. It has underperformed by 8.68% the S&P500.

Aetna Inc (NYSE:AET) Ratings Coverage

Out of 11 analysts covering Aetna (NYSE:AET), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. $162.0 is the highest target while $118 is the lowest. The $130 average target is 21.22% above today’s ($107.24) stock price. Aetna has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Aetna Inc (NYSE:AET) rating on Friday, April 29. RBC Capital Markets has “Outperform” rating and $144 price target. The firm has “Neutral” rating by Credit Suisse given on Wednesday, December 16. The firm has “Buy” rating by Evercore given on Friday, September 23. The company was maintained on Tuesday, August 4 by Sterne Agee CRT. The firm has “Outperform” rating by Bernstein given on Thursday, June 16. As per Friday, January 8, the company rating was downgraded by Jefferies. The stock of Aetna Inc (NYSE:AET) has “Hold” rating given on Tuesday, February 2 by Jefferies. The rating was maintained by RBC Capital Markets on Tuesday, February 2 with “Outperform”. Wedbush maintained the shares of AET in a report on Tuesday, February 2 with “Neutral” rating. The rating was initiated by JP Morgan on Wednesday, September 16 with “Overweight”.

According to Zacks Investment Research, “Aetna Inc. is one of the nation’s largest health benefits companies and one of the nation’s largest insurance and financial services organizations. Aetna provides these benefits to employer and plan sponsor customers in all 50 states, ranging from large multisite national accounts to middle-market and small-employer groups. Its products include the full range of health insurance, including dental and pharmacy benefits, from HMO and POS to PPO and indemnity, as well as group insurance products such as life, disability and long-term care insurance.”

Insitutional Activity: The institutional sentiment increased to 0.83 in 2016 Q2. Its up 0.01, from 0.82 in 2016Q1. The ratio is positive, as 50 funds sold all Aetna Inc shares owned while 294 reduced positions. 47 funds bought stakes while 238 increased positions. They now own 313.20 million shares or 5.61% less from 331.82 million shares in 2016Q1.
Dai Ichi Life Ins Company Ltd last reported 0.07% of its portfolio in the stock. Pzena Inv Mgmt Ltd Llc reported 155,102 shares or 0.12% of all its holdings. Greenwich Wealth Mngmt Limited Liability Corporation has invested 0.31% of its portfolio in Aetna Inc (NYSE:AET). Moreover, Blackrock Fund has 0.13% invested in Aetna Inc (NYSE:AET) for 4.87M shares. The California-based Franklin Resource has invested 0.07% in Aetna Inc (NYSE:AET). Genesee Valley Co last reported 1,660 shares in the company. Nepsis Capital has 3.14% invested in the company for 45,162 shares. State Of New Jersey Common Pension Fund D has 580,120 shares for 0.32% of their US portfolio. The Florida-based Raymond James has invested 0.07% in Aetna Inc (NYSE:AET). Moreover, Oppenheimer Com has 0.05% invested in Aetna Inc (NYSE:AET) for 13,242 shares. Pub Sector Pension Board holds 66,502 shares or 0.09% of its portfolio. Meridian Mngmt Co holds 1.42% of its portfolio in Aetna Inc (NYSE:AET) for 19,115 shares. Alexandria Ltd Liability holds 0% of its portfolio in Aetna Inc (NYSE:AET) for 10 shares. Ingalls & Snyder Limited Liability last reported 2,300 shares in the company. Bahl Gaynor Incorporated has 2,294 shares for 0% of their US portfolio.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 3 selling transactions for $10.76 million net activity. 33,510 shares were sold by Bertolini Mark T, worth $3.82 million on Monday, May 2. $5.45M worth of Aetna Inc (NYSE:AET) was sold by GUERTIN SHAWN M. $827,214 worth of shares were sold by GARTEN JEFFREY E on Wednesday, September 7. On Tuesday, May 10 McCarthy Margaret M sold $4.48 million worth of the stock or 39,169 shares.

Aetna Inc. is a diversified healthcare benefits company. The company has a market cap of $36.46 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 15.47 P/E ratio. The Health Care segment’s services and products consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses services and products, such as accountable care solutions .

AET Company Profile

Aetna Inc., incorporated on December 20, 1982, is a diversified healthcare benefits company. The Firm offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare supplement plans, workers’ compensation administrative services and health information technology services and products, such as accountable care solutions (ACS). The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. The Company’s clients include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Governmental units, Government-sponsored plans, labor groups and expatriates.

More important recent Aetna Inc (NYSE:AET) news were published by: Wsj.com which released: “Aetna Revenue and Profit Rise” on October 27, 2016, also Investorplace.com published article titled: “3 Stocks to Watch on Thursday: Aetna Inc (AET), Humana Inc (HUM) and Wells …”, Courant.com published: “Aetna Says Government Lawyers Should Be Sanctioned” on October 04, 2016. More interesting news about Aetna Inc (NYSE:AET) was released by: Foxbusiness.com and their article: “Aetna tops Street 3Q expectations, narrows 2016 forecast” with publication date: October 27, 2016.

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