Aetna (NYSE:AET) Reaching An Inflection Point; Credit Suisse Coverage Initiated as Neutral


How Credit Suisse Currently Rates Aetna (NYSE:AET)

In a very recent research note disseminated today, Credit Suisse analysts have started Aetna (NYSE:AET) coverage with Neutral rating.

From a total of 16 analysts covering Aetna (NYSE:AET) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 79% of the ratings are positive. The highest target price is $160 while the lowest target price is $128. The mean of all analyst targets is $141.25 with a 39.63% above today’s ($108.14) stock price. Aetna was the topic of 7 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on September 16 with “Overweight” rating. Oppenheimer maintained AET stock in a recent report from August 5 with “Hold” rating. Finally, Susquehanna maintained the stock with “Buy” rating in a report issued on an August 4.

Approximately 941,624 shares of stock traded hands. Aetna Inc (NYSE:AET) has declined 2.52% since May 13, 2015 and is downtrending. It has outperformed by 0.10% the S&P500.

The overall sentiment of institutions has decreased to 0.9 in Q2 2015. Its down 0.08, from 0.98 in 2015Q2. The ratio dropped, as 94 institutions have sold all the shares of Aetna Inc that they owned while 305 funds have taken shares off the table. 83 funds have purchased shares for the first time while 276 added to their positions. These institutions now hold 324.22 million shares or 7.00% more than the 303.02 million shares they owned in 2015Q2.

The Fund Michael & Susan Dell Foundation currently is holding shares equating to 11.23% of its total portfolio in Aetna Inc representing a total of 140,786 shares. Another fund,Bridger Management Llc, is holding a total of 718,401 shares equating to 5.36% of their holdings. Additionally, New Mountain Vantage Advisers L.L.C. has a 1.18 million share stake in Aetna Inc which represents 5.01% of their total portfolio. The Fund, Lyrical Asset Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 4.37% of their total portfolio. Finally Sivik Global Healthcare Llc, a fund which is based in the state of Connecticut reported a total holdings of 80,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 19, 2015, shareholders of Aetna Inc have witnessed 0 buys, and a total of 2 selling transactions equating to a net activity of approximately $21.49 million . Hackman Franklin Barbara sold 2,064 shares worth approximately $244,514. Zubretsky Joseph M sold 179,087 shares worth approximately $21.25M. Parmeswar Rajan sold 623 shares worth approximately $74,286. Mccarthy Margaret M sold 27,670 shares worth approximately $2.93M. The company insider Garten Jeffrey E sold 18,300 shares worth $1.99 million.

Aetna Inc. is a diversified health care benefits company. The company has a market cap of $37.31 billion. The Firm offers a range of traditional, voluntary and consumer-directed health insurance products and related services. It has 16.56 P/E ratio. The Company’s activities are conducted in three business divisions: Health Care, Group Insurance and Large Case Pensions.

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.”