Tuesday, 13 November 2018
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Aetna Inc. (AET): What's the Story?

13 January 2018

City Hldg Company has invested 0.12% of its portfolio in Aetna Inc. The stock increased 0.40% or $0.73 during the last trading session, reaching $184.21. About 3.20M shares traded. It has outperformed by 45.78% the S&P500.

Canada Pension Plan Investment Board decreased its stake in Pembina Pipeline Corp Com (PBA) by 99.73% based on its latest 2017Q3 regulatory filing with the SEC. The Rhode Island-based Coastline Trust Co has invested 0.05% in The Timken Company (NYSE:TKR). Banque Pictet Cie invested in 70,310 shares. The stock decreased 0.16% or $0.1 during the last trading session, reaching $63.35.

AET trades at a forward P/E of 17.93, a P/B of 3.90, and a P/S of 0.99, compared to a forward P/E of 18.62, a P/B of 2.77, and a P/S of 0.38 for CNC.

Aetna Inc (NYSE AET) opened at $183.48 on Thursday. It has underperformed by 16.70% the S&P500.The move comes after 7 months negative chart setup for the $58.53 million company. Of those analysts, 6 rate stock as a Strong Buy, 9 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 89% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with "Hold" rating in Thursday, August 3 report. RBC Capital Markets maintained it with "Buy" rating and $16200 target in Monday, July 10 report. The firm earned "Hold" rating on Friday, June 2 by RBC Capital Markets. The stock of Canadian Solar Inc. Finally, Morgan Stanley lowered shares of Aetna from an "overweight" rating to an "equal weight" rating and set a $179.00 price target for the company.in a report on Wednesday, December 20th. Janus Henderson Group PLC now owns 4,407,172 shares of the company's stock worth $700,784,000 after purchasing an additional 78,272 shares during the last quarter. The rating was upgraded by JP Morgan to "Overweight" on Thursday, December 14. Jefferies maintained Aetna Inc. (NYSE:C) on Tuesday, September 5 with "Buy" rating. The firm has "Outperform" rating by FBR Capital given on Thursday, May 25.

Pomelo Capital Llc, which manages about $366.34 million and $2.35B US Long portfolio, decreased its stake in Tesla Mtrs Inc (Prn) by 16.50 million shares to 10.00 million shares, valued at $11.01 million in 2017Q3, according to the filing.

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The Russell 2000, which moved back to new high territory yesterday, has begun to show a much steeper trajectory of late. The Dow Jones Industrial Average climbed almost one percent, adding 205.6 to a close of 25,574.73.

According to Aetna Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 89.39%. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.90 as current ratio and on the opponent side the debt to equity ratio was 0.70 and long-term debt to equity ratio also remained 0.35. 410.35 million shares or 0.47% more from 408.41 million shares in 2017Q2 were reported. Geode Mgmt Ltd Llc reported 56,581 shares. (NYSE:D) for 359,008 shares. Gabelli Company Inv Advisers owns 8,000 shares or 0.07% of their USA portfolio. Marietta Inv Ptnrs Lc reported 18,884 shares stake. It also reduced American International Group (NYSE:AIG) stake by 5,775 shares and now owns 6,400 shares. Banced Corp, a Illinois-based fund reported 3,174 shares. Marietta Wealth Management LLC increased its stake in Aetna by 0.8% during the 2nd quarter. First Republic Invest Mngmt Inc owns 526,073 shares or 0.28% of their U.S. portfolio. Cambiar Investors Limited holds 815,628 shares or 0.93% of its portfolio. Somerset invested in 0.01% or 200 shares.

Ratings analysis reveals 42% of Aetna's analysts are positive. Intelsat S.A. had 15 analyst reports since August 4, 2015 according to SRatingsIntel. Finally, Jefferies Group boosted their price target on shares of Aetna from $163.00 to $165.00 and gave the stock a hold rating in a research note on Friday, October 13th. The rating was maintained by Jefferies with "Hold" on Tuesday, September 5. Cantor Fitzgerald downgraded the shares of AET in report on Friday, October 27 to "Neutral" rating.

In recent action, Aetna Inc. (NYSE:AWI) earned "Hold" rating by RBC Capital Markets on Tuesday, November 14. University Of Notre Dame Du Lac has invested 0.72% in Aetna Inc. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The rating was maintained by Cowen & Co on Wednesday, September 20 with "Buy". On Friday, November 3 the stock rating was initiated by Credit Suisse with "Hold". The company was downgraded on Tuesday, January 5 by KeyBanc Capital Markets.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.22, from 0.69 in 2017Q2. Sold All: 42 Reduced: 302 Increased: 232 New Position: 80. 30 funds opened positions while 67 raised stakes. Laurion Mngmt Lp holds 3,200 shares. Suffolk Cap Mgmt Ltd holds 2.41% or 118,365 shares.