Cambridge Financial Group INC Decreased Its Aetna (AET) Holding by $117.06 Million

October 13, 2017 - By Linda Rogers

Investors sentiment decreased to 0.69 in 2017 Q2. Its down 0.25, from 0.94 in 2017Q1. It fall, as 62 investors sold AET shares while 331 reduced holdings. 76 funds opened positions while 195 raised stakes. 290.06 million shares or 2.18% less from 296.52 million shares in 2017Q1 were reported. Penobscot Investment Management Inc invested 0.56% of its portfolio in Aetna Inc (NYSE:AET). Highland Capital Mngmt Ltd Limited Liability Company invested 0.51% of its portfolio in Aetna Inc (NYSE:AET). Carroll Financial Associates Inc holds 0.12% or 6,808 shares in its portfolio. Kingdon Mngmt Ltd has invested 0.73% in Aetna Inc (NYSE:AET). Columbus Circle reported 36,539 shares. Kcm Inv Advisors Limited Com reported 0.06% of its portfolio in Aetna Inc (NYSE:AET). Cohen Cap Mgmt Inc reported 47,850 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.06% invested in Aetna Inc (NYSE:AET) for 24,643 shares. Eaton Vance Management holds 1.05M shares. Rockefeller Fincl Svcs Inc reported 0% stake. Mark Sheptoff Financial Planning Limited Liability Company holds 3,216 shares or 0.34% of its portfolio. Argent Tru has 1,406 shares. Family Firm owns 1,732 shares. Gam Ag holds 0.18% or 80,941 shares in its portfolio. Focused Wealth Mngmt holds 0% or 55 shares.

Since May 9, 2017, it had 0 insider purchases, and 4 selling transactions for $19.91 million activity. 880 Aetna Inc (NYSE:AET) shares with value of $125,118 were sold by Coye Molly Joel. Lynch Karen S had sold 7,825 shares worth $1.17 million. $4.03 million worth of stock was sold by McCarthy Margaret M on Wednesday, June 7.

Cambridge Financial Group Inc decreased its stake in Aetna (AET) by 1.63% based on its latest 2017Q2 regulatory filing with the SEC. Cambridge Financial Group Inc sold 771 shares as the company’s stock rose 12.84% with the market. The institutional investor held 46,483 shares of the medical specialities company at the end of 2017Q2, valued at $7.06 billion, down from 47,254 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Aetna for a number of months, seems to be less bullish one the $50.83B market cap company. The stock rose 0.04% or $0.07 reaching $153.13. About 2.00 million shares traded or 10.50% up from the average. Aetna Inc (NYSE:AET) has risen 28.84% since October 13, 2016 and is uptrending. It has outperformed by 12.14% the S&P500.

Cambridge Financial Group Inc, which manages about $186.99 million US Long portfolio, upped its stake in Unum (NYSE:UNM) by 2,918 shares to 120,798 shares, valued at $5.63B in 2017Q2, according to the filing. It also increased its holding in Sysco Corp (NYSE:SYY) by 107,753 shares in the quarter, for a total of 219,407 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

Analysts await Aetna Inc (NYSE:AET) to report earnings on October, 26. They expect $2.08 earnings per share, up 0.48 % or $0.01 from last year’s $2.07 per share. AET’s profit will be $690.44M for 18.41 P/E if the $2.08 EPS becomes a reality. After $3.42 actual earnings per share reported by Aetna Inc for the previous quarter, Wall Street now forecasts -39.18 % negative EPS growth.

More recent Aetna Inc (NYSE:AET) news were published by: Nasdaq.com which released: “Is Aetna Inc. (AET) a Great Stock for Value Investors?” on September 22, 2017. Also Seekingalpha.com published the news titled: “Trump to sign executive order today changing aspects of Obamacare” on October 12, 2017. Nasdaq.com‘s news article titled: “Aetna Inc. (AET) Ex-Dividend Date Scheduled for October 11, 2017” with publication date: October 10, 2017 was also an interesting one.

Aetna Inc (NYSE:AET) Ratings Coverage

Among 21 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Aetna had 47 analyst reports since July 30, 2015 according to SRatingsIntel. The company was initiated on Wednesday, June 7 by Morgan Stanley. The stock of Aetna Inc (NYSE:AET) has “Hold” rating given on Wednesday, August 5 by Oppenheimer. The firm has “Hold” rating given on Thursday, July 13 by Deutsche Bank. The rating was maintained by Jefferies with “Hold” on Wednesday, June 7. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. Wolfe Research downgraded Aetna Inc (NYSE:AET) on Thursday, July 21 to “Peer Perform” rating. The firm has “Mkt Perform” rating given on Monday, November 14 by Bernstein. The rating was maintained by Morgan Stanley on Thursday, August 17 with “Overweight”. The firm earned “Buy” rating on Wednesday, September 20 by Cowen & Co. The stock of Aetna Inc (NYSE:AET) has “Outperform” rating given on Friday, April 29 by RBC Capital Markets.

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