Aetna Inc Can Burn Your Long Portfolio. Option Traders Are Bearish

 Aetna Inc Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Aetna Inc (AET) recorded an unusually high (706) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious AET decrease. With 706 contracts traded and 5354 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AET161118P00110000 closed last at: $1.57 or 35.4% down. About 910,142 shares traded hands. Aetna Inc (NYSE:AET) has risen 8.40% since April 8, 2016 and is uptrending. It has outperformed by 2.76% 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 7.89% above today’s ($120.49) 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) on Friday, April 29 with “Outperform” rating. The firm has “Outperform” rating given on Thursday, June 16 by Bernstein. The company was maintained on Tuesday, August 4 by Susquehanna. The company was maintained on Tuesday, February 2 by Jefferies. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 5. The firm earned “Neutral” rating on Friday, April 8 by Cleveland. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. Evercore initiated it with “Buy” rating and $128 target price in Friday, September 23 report. Bank of America upgraded the shares of AET in a report on Thursday, July 30 to “Buy” rating. As per Tuesday, September 8, the company rating was upgraded by RBC Capital Markets.

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 increased, 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.
Moreover, Capital World Investors has 0.35% invested in Aetna Inc (NYSE:AET) for 10.74 million shares. Plante Moran Fincl Advsr Ltd accumulated 0.1% or 1,106 shares. State Of Alaska Department Of Revenue accumulated 0.1% or 7,490 shares. Cambridge Invest Research Advsrs Inc reported 18,825 shares or 0.05% of all its holdings. Balasa Dinverno Foltz Limited Liability Com holds 0.1% of its portfolio in Aetna Inc (NYSE:AET) for 4,370 shares. Morgan Stanley accumulated 1.22 million shares or 0.05% of the stock. Allianz Asset Mngmt Ag reported 1.58M shares or 0.1% of all its holdings. Ngam L P reported 59,499 shares or 0.1% of all its holdings. First Citizens Retail Bank And Trust holds 83,974 shares or 0.92% of its portfolio. First Republic Inv Management has 75,942 shares for 0.09% of their US portfolio. Cibc Asset Mgmt accumulated 0.04% or 39,927 shares. Fund Mngmt Sa has 0.02% invested in the company for 15,801 shares. Stratos Wealth Partners Ltd owns 5,679 shares or 0.05% of their US portfolio. The Connecticut-based Viking Invsts L P has invested 0.5% in Aetna Inc (NYSE:AET). Peak6 Invs Limited Partnership last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 3 insider sales for $7.28 million net activity. $5.45 million worth of Aetna Inc (NYSE:AET) was sold by GUERTIN SHAWN M on Monday, August 22. 9,150 shares were sold by SOISTMAN FRANCIS S JR, worth $1.00 million. Shares for $827,214 were sold by GARTEN JEFFREY E on Wednesday, September 7.

Aetna Inc. is a diversified healthcare benefits company. The company has a market cap of $44.25 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 17.39 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 news for Aetna Inc (NYSE:AET) were recently published by: Wsj.com, which released: “Aetna Revenue and Profit Rise” on October 27, 2016. Investorplace.com‘s article titled: “3 Stocks to Watch on Thursday: Aetna Inc (AET), Humana Inc (HUM) and Wells …” and published on October 13, 2016 is yet another important article.

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