Short Interest Coverage: A Reversal for Aetna Incorporated New (NYSE:AET) Is Not Near. The Stock Has Rise in Shorts

November 23, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: A Reversal for Aetna Incorporated New (NYSE:AET) Is Not Near. The Stock Has Rise in Shorts

The stock of Aetna Incorporated New (NYSE:AET) registered an increase of 5.66% in short interest. AET’s total short interest was 6.98M shares in November as published by FINRA. Its up 5.66% from 6.61M shares, reported previously. With 2.75M shares average volume, it will take short sellers 3 days to cover their AET’s short positions. The short interest to Aetna Incorporated New’s float is 2.05%. About 745,756 shares traded hands. Aetna Inc (NYSE:AET) has risen 13.56% since April 21, 2016 and is uptrending. It has outperformed by 8.23% the S&P500.

Aetna Inc. is a diversified healthcare benefits company. The company has a market cap of $45.40 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 18.44 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 .

Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.08, from 0.83 in 2016Q1. The ratio fall, 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.
The California-based Cetera Advisor Netwr Lc has invested 0.1% in Aetna Inc (NYSE:AET). The Montana-based First Interstate Financial Bank has invested 0% in Aetna Inc (NYSE:AET). Alphamark Ltd Liability Corporation accumulated 0.03% or 375 shares. Andra Ap holds 0.15% of its portfolio in Aetna Inc (NYSE:AET) for 47,400 shares. Hightower Advsr Ltd Liability Com accumulated 0.07% or 43,248 shares. Jfs Wealth Advsrs holds 0.04% or 1,313 shares in its portfolio. Tradewinds Capital Mngmt Ltd holds 0.01% or 82 shares in its portfolio. Louisiana State Employees Retirement System has invested 0.15% of its portfolio in Aetna Inc (NYSE:AET). Citadel Ltd Liability Corp has 675,124 shares for 0.09% of their US portfolio. Bnp Paribas Invest Prtnrs holds 0.27% of its portfolio in Aetna Inc (NYSE:AET) for 262,634 shares. Moreover, Global X Co Ltd Liability Corporation has 0.01% invested in Aetna Inc (NYSE:AET) for 1,674 shares. Eaton Vance Mgmt has 0.03% invested in the company for 76,103 shares. Moreover, Horan Cap Mgmt has 0.04% invested in Aetna Inc (NYSE:AET) for 1,265 shares. Ledyard State Bank has invested 0.02% of its portfolio in Aetna Inc (NYSE:AET). Moreover, Dimensional Fund Advisors L P has 0.27% invested in Aetna Inc (NYSE:AET) for 3.84M shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 5 sales for $12.76 million net activity. Another trade for 45,000 shares valued at $5.38M was sold by Lynch Karen S. Another trade for 45,328 shares valued at $5.45M was sold by GUERTIN SHAWN M. On Wednesday, September 7 the insider GARTEN JEFFREY E sold $827,214. Coye Molly Joel also sold $100,820 worth of Aetna Inc (NYSE:AET) shares. $1.00 million worth of Aetna Inc (NYSE:AET) was sold by SOISTMAN FRANCIS S JR.

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 rating was maintained by Susquehanna with “Buy” on Tuesday, August 4. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. RBC Capital Markets maintained it with “Outperform” rating and $140 target price in Tuesday, February 2 report. JP Morgan initiated the shares of AET in a report on Wednesday, September 16 with “Overweight” rating. The stock of Aetna Inc (NYSE:AET) earned “Hold” rating by Jefferies on Friday, January 8. The company was maintained on Tuesday, August 4 by Sterne Agee CRT. The rating was upgraded by Bank of America to “Buy” on Thursday, July 30. Wedbush maintained it with “Neutral” rating and $120 target price in Tuesday, February 2 report. Cleveland initiated the stock with “Neutral” rating in Friday, April 8 report. Credit Suisse initiated the shares of AET in a report on Wednesday, December 16 with “Neutral” rating.

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.

Another recent and important Aetna Inc (NYSE:AET) news was published by Businessinsider.com which published an article titled: “Health insurer Aetna beat on earnings despite ‘pressure’ from its Obamacare …” on October 27, 2016.

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By Peter Erickson


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