Noteworthy Price Action: Aetna Inc Can’t Be More Safe. Trades Significantly Higher

Noteworthy Price Action: Aetna Inc Can't Be More Safe. Trades Significantly Higher

The stock of Aetna Inc (NYSE:AET) is a huge mover today! About 2.77 million shares traded hands. Aetna Inc (NYSE:AET) has risen 10.75% since April 11, 2016 and is uptrending. It has outperformed by 4.61% the S&P500.
The move comes after 7 months positive chart setup for the $42.79B company. It was reported on Nov, 11 by Barchart.com. We have $177.64 PT which if reached, will make NYSE:AET worth $20.54 billion more.

Aetna Inc (NYSE:AET) Ratings Coverage

Out of 11 analysts covering Aetna (NYSE:AET), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. Aetna has been the topic of 18 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, September 8. Wolfe Research downgraded the stock to “Peer Perform” rating in Thursday, July 21 report. The rating was maintained by RBC Capital Markets on Tuesday, February 2 with “Outperform”. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The firm has “Hold” rating given on Tuesday, February 2 by Jefferies. As per Wednesday, August 5, the company rating was maintained by Oppenheimer. The firm earned “Outperform” rating on Thursday, June 16 by Bernstein. As per Tuesday, August 4, the company rating was maintained by Sterne Agee CRT. Credit Suisse initiated Aetna Inc (NYSE:AET) on Wednesday, December 16 with “Neutral” rating. Cleveland initiated the shares of AET in a report on Friday, April 8 with “Neutral” rating.

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.
Blackrock Inv Management Llc has invested 0.5% of its portfolio in Aetna Inc (NYSE:AET). Atlantic Tru Gru Limited Liability Corporation has 1.04% invested in the company for 1.16 million shares. Macquarie Group owns 175,079 shares or 0.04% of their US portfolio. State Of New Jersey Common Pension Fund D has 580,120 shares for 0.32% of their US portfolio. Fca Tx has invested 0.73% of its portfolio in Aetna Inc (NYSE:AET). Breton Hill Cap Ltd last reported 0.31% of its portfolio in the stock. Fiera Cap, a Quebec – Canada-based fund reported 5,676 shares. Dana Inv Advisors holds 54,185 shares or 0.29% of its portfolio. Logan Cap owns 5,699 shares or 0.06% of their US portfolio. D E Shaw & owns 15,904 shares or 0% of their US portfolio. Moreover, Tiaa Cref Inv Mgmt Ltd Liability has 0.22% invested in Aetna Inc (NYSE:AET) for 2.32 million shares. Savant Cap Lc holds 2,821 shares or 0.1% of its portfolio. Hutchin Hill Capital L P has 20,000 shares for 0.08% of their US portfolio. Mutual Of America Management Ltd Liability Co accumulated 0.13% or 51,307 shares. 1832 Asset Mgmt L P accumulated 0.46% or 931,520 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 3 insider sales for $7.28 million net activity. Another trade for 7,100 shares valued at $827,214 was sold by GARTEN JEFFREY E. Shares for $5.45M were sold by GUERTIN SHAWN M. $1.00 million worth of Aetna Inc (NYSE:AET) was sold by SOISTMAN FRANCIS S JR on Monday, November 7.

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 Bizjournals.com published article titled: “Aetna’s Bertolini says best parts of Obamacare should be retained”, Investorplace.com published: “3 Stocks to Watch on Thursday: Aetna Inc (AET), Humana Inc (HUM) and Wells …” on October 13, 2016. More interesting news about Aetna Inc (NYSE:AET) was released by: Foxbusiness.com and their article: “Aetna CEO Expects Some ACA Benefits to Stay” with publication date: November 10, 2016.

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.

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