The stock of Aetna Inc (NYSE:AET) is a huge mover today! About 555,410 shares traded hands. Aetna Inc (NYSE:AET) has risen 10.90% since April 26, 2016 and is uptrending. It has outperformed by 5.64% the S&P500.
The move comes after 9 months positive chart setup for the $45.61B company. It was reported on Nov, 29 by Barchart.com. We have $139.04 PT which if reached, will make NYSE:AET worth $2.74B more.
Analysts await Aetna Inc (NYSE:AET) to report earnings on January, 31 before the open. They expect $1.45 EPS, up 5.84% or $0.08 from last year’s $1.37 per share. AET’s profit will be $504.19 million for 22.62 P/E if the $1.45 EPS becomes a reality. After $2.07 actual EPS reported by Aetna Inc for the previous quarter, Wall Street now forecasts -29.95% negative EPS growth.
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. Aetna has been the topic of 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Aetna Inc (NYSE:AET) has “Buy” rating given on Tuesday, August 4 by Susquehanna. The rating was downgraded by Wolfe Research to “Peer Perform” on Thursday, July 21. The firm earned “Outperform” rating on Friday, November 11 by Credit Suisse. The firm has “Outperform” rating given on Thursday, June 16 by Bernstein. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. The rating was maintained by Sterne Agee CRT with “Buy” on Tuesday, August 4. On Wednesday, August 5 the stock rating was maintained by Oppenheimer with “Hold”. RBC Capital Markets maintained the shares of AET in a report on Tuesday, February 2 with “Outperform” rating. As per Tuesday, February 2, the company rating was maintained by Wedbush. Jefferies downgraded the shares of AET in a report on Friday, January 8 to “Hold” 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 decreased to 0.75 in 2016 Q2. Its down 0.08, from 0.83 in 2016Q1. The ratio dived, 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.
Gsa Prtnrs Ltd Liability Partnership holds 0.09% of its portfolio in Aetna Inc (NYSE:AET) for 12,603 shares. Panagora Asset Management, a Massachusetts-based fund reported 1.28 million shares. The New York-based Pinebridge Limited Partnership has invested 0.56% in Aetna Inc (NYSE:AET). Penobscot Investment Mngmt Co reported 11,480 shares or 0.5% of all its holdings. Fin Architects has invested 0.03% of its portfolio in Aetna Inc (NYSE:AET). First Personal Ser last reported 0.01% of its portfolio in the stock. Tudor Corporation Et Al owns 2,200 shares or 0.01% of their US portfolio. Leavell owns 2,250 shares or 0.04% of their US portfolio. Mariner Invest Gru Ltd Limited Liability Company owns 17,000 shares or 0.7% of their US portfolio. Metropolitan Life Ins Ny has 185,928 shares for 0.17% of their US portfolio. Moreover, Toronto Dominion Comml Bank has 0% invested in Aetna Inc (NYSE:AET) for 2,302 shares. Hilltop reported 6,646 shares or 0.26% of all its holdings. Element Mgmt Lc, a New York-based fund reported 21,574 shares. Gerstein Fisher accumulated 2,414 shares or 0.04% of the stock. Sumitomo Mitsui has invested 0.21% of its portfolio in Aetna Inc (NYSE:AET).
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 5 sales for $12.76 million net activity. Lynch Karen S had sold 45,000 shares worth $5.38 million. $100,820 worth of Aetna Inc (NYSE:AET) was sold by Coye Molly Joel on Wednesday, November 9. The insider SOISTMAN FRANCIS S JR sold 9,150 shares worth $1.00M. GUERTIN SHAWN M sold $5.45M worth of stock. On Wednesday, September 7 the insider GARTEN JEFFREY E sold $827,214.
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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