Aetna (AET) Holder Cambridge Financial Group INC Has Trimmed Its Holding by $117.06 Million as Shares Rose

October 13, 2017 - By Clifton Ray

Investors sentiment decreased to 0.69 in Q2 2017. Its down 0.25, from 0.94 in 2017Q1. It dropped, 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. Mitsubishi Ufj Tru And Banking stated it has 812,696 shares or 0.24% of all its holdings. Gareth Morgan Investments Ltd Partnership reported 44,823 shares. Pillar Pacific Capital Mgmt Limited Liability Corp, a California-based fund reported 1,637 shares. 5,325 are held by Curbstone Financial Management. Japan-based Daiwa Sb Ltd has invested 0.02% in Aetna Inc (NYSE:AET). 3,447 are owned by First Savings Bank Of Hutchinson. Spc Incorporated invested in 3,500 shares or 0.14% of the stock. Ellington Management Gru Lc reported 6,900 shares. Guardian Life Of America reported 744 shares stake. Park Natl Oh reported 2,533 shares. Lyrical Asset Mgmt LP owns 2.17M shares. 204,881 were accumulated by Aviva Public Limited Liability Company. Renaissance Group Incorporated Limited Liability Corp invested in 245,590 shares or 1.37% of the stock. Marble Harbor Counsel Limited Liability holds 0.05% or 1,600 shares. Westpac Banking Corporation holds 21,153 shares or 0% of its portfolio.

Since May 9, 2017, it had 0 buys, and 4 selling transactions for $19.91 million activity. On Wednesday, June 7 Lynch Karen S sold $1.17 million worth of Aetna Inc (NYSE:AET) or 7,825 shares. On Tuesday, May 16 Bertolini Mark T sold $14.58M worth of Aetna Inc (NYSE:AET) or 103,547 shares. 880 shares were sold by Coye Molly Joel, worth $125,118.

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 $7.06B, 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 2.00M 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 $186.99M US Long portfolio, upped its stake in Target Corp (NYSE:TGT) by 25,453 shares to 101,244 shares, valued at $5.29 billion in 2017Q2, according to the filing. It also increased its holding in Johnson Controls by 131 shares in the quarter, for a total of 131,107 shares, and has risen its stake in Unum (NYSE:UNM).

Analysts await Aetna Inc (NYSE:AET) to report earnings on October, 26. They expect $2.08 EPS, 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 EPS 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: Seekingalpha.com which released: “Trump to sign executive order today changing aspects of Obamacare” on October 12, 2017. Also Nasdaq.com published the news titled: “Aetna Inc. (AET) Ex-Dividend Date Scheduled for October 11, 2017” on October 10, 2017. Nasdaq.com‘s news article titled: “Is Aetna Inc. (AET) a Great Stock for Value Investors?” with publication date: September 22, 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 downgraded on Friday, January 8 by Jefferies. The rating was maintained by Stifel Nicolaus on Tuesday, May 16 with “Buy”. Cantor Fitzgerald maintained Aetna Inc (NYSE:AET) rating on Monday, May 15. Cantor Fitzgerald has “Buy” rating and $150 target. As per Wednesday, June 7, the company rating was initiated by Morgan Stanley. Morgan Stanley maintained it with “Overweight” rating and $179 target in Thursday, August 17 report. Argus Research maintained it with “Buy” rating and $185 target in Tuesday, September 12 report. Cowen & Co maintained the stock with “Buy” rating in Wednesday, September 20 report. The firm has “Hold” rating given on Thursday, July 13 by Deutsche Bank. The stock of Aetna Inc (NYSE:AET) has “Buy” rating given on Tuesday, August 4 by Sterne Agee CRT. The stock of Aetna Inc (NYSE:AET) earned “Hold” rating by Jefferies on Wednesday, June 7.

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