Stock On Watch: Aetna Inc (NYSE:AET) Shifting Institutional Investors Sentiment

November 25, 2016 - By Richard Conner   ·   0 Comments

Stock On Watch: Aetna Inc (NYSE:AET) Shifting Institutional Investors Sentiment

Sentiment for Aetna Inc (NYSE:AET)

Aetna Inc (NYSE:AET) institutional sentiment decreased to 0.75 in 2016 Q2. Its down -0.08, from 0.83 in 2016Q1. The ratio dropped, as 285 investment managers opened new and increased equity positions, while 344 decreased and sold stock positions in Aetna Inc. The investment managers in our partner’s database now own: 313.20 million shares, down from 331.82 million shares in 2016Q1. Also, the number of investment managers holding Aetna Inc in their top 10 equity positions increased from 25 to 30 for an increase of 5. Sold All: 50 Reduced: 294 Increased: 238 New Position: 47.

Aetna Inc. is a diversified healthcare benefits company. The company has a market cap of $45.83 billion. The Firm operates through three divisions: Health Care, Group Insurance and Large Case Pensions. It has a 18.72 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 .

Aetna Inc (NYSE:AET) has risen 12.64% since April 22, 2016 and is uptrending. It has outperformed by 7.23% the S&P500.

Analysts await Aetna Inc (NYSE:AET) to report earnings on January, 31 before the open. They expect $1.45 earnings per share, up 5.84% or $0.08 from last year’s $1.37 per share. AET’s profit will be $512.40 million for 22.39 P/E if the $1.45 EPS becomes a reality. After $2.07 actual earnings per share reported by Aetna Inc for the previous quarter, Wall Street now forecasts -29.95% negative EPS growth.

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.”

Michael & Susan Dell Foundation holds 17.84% of its portfolio in Aetna Inc for 140,786 shares. Healthcor Management L.P. owns 1.00 million shares or 6.66% of their US portfolio. Moreover, Hoplite Capital Management L.P. has 5.58% invested in the company for 923,205 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 4.9% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 1.90 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 selling transactions for $12.76 million net activity.

Aetna Inc (NYSE:AET) Ratings Coverage

Ratings analysis reveals 55% of Aetna’s analysts are positive. Out of 11 Wall Street analysts rating Aetna, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $12 while the high is $162.0. The stock’s average target of $110.33 is -14.93% below today’s ($129.7) share price. AET was included in 19 notes of analysts from July 30, 2015. The company was downgraded on Friday, January 8 by Jefferies. The firm has “Outperform” rating given on Friday, April 29 by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, February 2 by Wedbush. The firm has “Outperform” rating given on Thursday, June 16 by Bernstein. The stock of Aetna Inc (NYSE:AET) earned “Neutral” rating by Cleveland on Friday, April 8. Jefferies maintained the stock with “Hold” rating in Tuesday, February 2 report. The stock of Aetna Inc (NYSE:AET) has “Buy” rating given on Friday, September 23 by Evercore. The stock has “Buy” rating given by Susquehanna on Tuesday, August 4. The company was initiated on Wednesday, December 16 by Credit Suisse. The firm earned “Outperform” rating on Tuesday, September 8 by RBC Capital Markets.

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 Richard Conner

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