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Aetna Lifts FY17 Earnings View After Higher Q2 Profit

04 August 2017

Finally, Boston Advisors LLC increased its stake in shares of Aetna by 20.8% in the first quarter. The volume of 1.48 Million shares climbed down over an trading activity of 2.15 Million shares.

Nepsis Capital Management Inc increased Aetna Inc New (AET) stake by 13.92% reported in 2016Q4 SEC filing.

Aetna Inc. (AET) stock price rose 35.03 percent over the past one year, while increased 30.29 percent during the past 6 months. State of Wisconsin Investment Board raised its position in Aetna by 18.8% in the second quarter. Geneva Advisors LLC now owns 2,588 shares of the company's stock worth $330,000 after buying an additional 25 shares in the last quarter.

Shares of Aetna rose 2.5 percent to $158.54, helped by stronger results not only for individual insurance but also in its small and large business division and in its government-backed Medicaid and Medicare segments. FTB Advisors Inc. now owns 977 shares of the company's stock worth $125,000 after buying an additional 97 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Aetna by 0.4% in the first quarter. Moreover, Herald Investment Management Ltd has 0.08% invested in the company for 400,000 shares.

On 08/02/2017, Shares of Aetna Inc. AET is now reaches at $156.93 after 1.78 million shares traded at hands. The firm has a market cap of $53.10 billion, a PE ratio of 48.82 and a beta of 0.54. New Century Inv Mgmt has 1.28% invested in Aetna Inc (NYSE:AET).

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The company has a 50-day moving average of $153.22 and a 200-day moving average of $137.42. The Quantres Asset Management Ltd holds 9,100 shares with $1.13 million value, up from 2,200 last quarter.

Aetna Inc. (AET) now has a Return on Assets (ROA) value of 1.7 Percent.

Numerous health insurance company's peers also have posted a rise in profit this quarter, signaling potential for expansion in the industry.

Shares of Aetna (AET) traded up 2.07% during mid-day trading on Thursday, hitting $157.95.

Aetena said its core businesses, including health care and commercial, continued to outperform during the second quarter following a positive start to the year. On average, equities analysts predict that Aetna Inc. will post $8.99 EPS for the current year. Investors of record on Thursday, July 13th were issued a dividend of $0.50 per share. "(AET) Ex-Dividend Date Scheduled for July 11, 2017" published on July 10, 2017, Foxbusiness.com published: "Aetna Profit Rises on Better Pricing, Strategy-Update" on August 03, 2017.

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On 2/17/2017 announced a quarterly dividend of $0.50 1.58% with an ex dividend date of 4/11/2017 which will be payable on 4/13/2017. Aetna's dividend payout ratio (DPR) is now 62.31%. Now we move forward to observe the past performance of Aetna Inc. "(AET)" was first posted by BBNS and is the sole property of of BBNS. If you are viewing this piece on another publication, it was illegally copied and republished in violation of global copyright law.

A number of brokerages have recently issued reports on AET. UBS AG reiterated a "buy" rating and set a $160.00 price objective (up previously from $147.00) on shares of Aetna in a research report on Wednesday, May 17th. Cleveland Research raised Aetna from a "neutral" rating to a "buy" rating in a report on Thursday, May 11th. Stifel Nicolaus reiterated a "buy" rating and set a $150.00 price target (up from $130.00) on shares of Aetna in a research report on Wednesday, May 3rd. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock now has a consensus rating of "Buy" and a consensus price target of $152.84.

In related news, Chairman Mark T. Bertolini sold 103,547 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. Following the transaction, the chairman now owns 659,888 shares in the company, valued at approximately $92,905,631.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $149.23, for a total value of $4,033,388.44. Following the sale, the executive vice president now owns 33,563 shares of the company's stock, valued at $5,008,606.49. The disclosure for this sale can be found here.

In May the company said it would exit the 2018 Obamacare individual insurance market in Nebraska and DE - the two remaining states it offered the plans -after President Donald Trump vowed to get rid his predecessor's healthcare law.

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Aetna Lifts FY17 Earnings View After Higher Q2 Profit