Loews Corp Stake in Aetna INC (AET) Has Raised as Shares Declined

April 22, 2018 - By Adrian Erickson

Aetna Inc. (NYSE:AET) LogoInvestors sentiment decreased to 0.83 in 2017 Q4. Its down 0.08, from 0.91 in 2017Q3. It worsened, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. Pictet Cie (Europe) Sa stated it has 0.16% in Aetna Inc. (NYSE:AET). Yhb Advsr holds 0.06% or 2,095 shares. Jfs Wealth Advsr Ltd Liability Corp owns 319 shares. Moab Capital Limited Com owns 34,000 shares. 8,660 are held by Kentucky Retirement Fund. 1,680 were reported by Colony Ltd Company. Hm Payson & reported 0.09% in Aetna Inc. (NYSE:AET). Gemmer Asset Ltd Liability Com stated it has 0.02% of its portfolio in Aetna Inc. (NYSE:AET). Teacher Retirement Of Texas holds 90,769 shares. Fifth Third Comml Bank has 0% invested in Aetna Inc. (NYSE:AET) for 2,114 shares. Mark Sheptoff Fin Planning Limited Liability Company has 0.38% invested in Aetna Inc. (NYSE:AET) for 3,216 shares. Royal State Bank Of Scotland Group Public Limited Liability Corporation has 0.66% invested in Aetna Inc. (NYSE:AET) for 16,343 shares. Eqis Cap Mngmt accumulated 3,192 shares or 0.03% of the stock. Drw Secs Limited Liability reported 4,560 shares. Vermont-based Company Of Vermont has invested 0.06% in Aetna Inc. (NYSE:AET).

Loews Corp increased its stake in Aetna Inc (AET) by 2678.57% based on its latest 2017Q4 regulatory filing with the SEC. Loews Corp bought 150,000 shares as the company’s stock declined 6.45% with the market. The institutional investor held 155,600 shares of the medical specialities company at the end of 2017Q4, valued at $28.07M, up from 5,600 at the end of the previous reported quarter. Loews Corp who had been investing in Aetna Inc for a number of months, seems to be bullish on the $57.88 billion market cap company. The stock increased 0.28% or $0.49 during the last trading session, reaching $176.92. About 1.67M shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since April 22, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Loews Corp, which manages about $16.53 billion US Long portfolio, decreased its stake in Goldcorp Inc (NYSE:GG) by 716,210 shares to 100,000 shares, valued at $1.28 million in 2017Q4, according to the filing. It also reduced its holding in Realogy Holdings Corp (NYSE:RLGY) by 266,500 shares in the quarter, leaving it with 163,500 shares, and cut its stake in Axalta Coating Systems Ltd.

Aetna Inc. (NYSE:AET) Ratings Coverage

Among 14 analysts covering Aetna Inc (NYSE:AET), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Aetna Inc has $212.0 highest and $170.0 lowest target. $197.08’s average target is 11.39% above currents $176.92 stock price. Aetna Inc had 24 analyst reports since October 23, 2017 according to SRatingsIntel. The company was maintained on Monday, December 4 by RBC Capital Markets. Cantor Fitzgerald maintained Aetna Inc. (NYSE:AET) rating on Tuesday, January 30. Cantor Fitzgerald has “Hold” rating and $211.0 target. As per Tuesday, October 31, the company rating was maintained by Cantor Fitzgerald. Jefferies maintained Aetna Inc. (NYSE:AET) rating on Tuesday, January 30. Jefferies has “Hold” rating and $205.0 target. Argus Research downgraded Aetna Inc. (NYSE:AET) on Wednesday, December 6 to “Hold” rating. The firm has “Buy” rating given on Monday, December 18 by Wells Fargo. Piper Jaffray maintained it with “Hold” rating and $170.0 target in Monday, October 23 report. Deutsche Bank upgraded Aetna Inc. (NYSE:AET) on Monday, January 22 to “Buy” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, December 20 report. The stock of Aetna Inc. (NYSE:AET) has “Buy” rating given on Monday, October 23 by Cantor Fitzgerald.

Aetna Inc. (NYSE:AET) Ratings Chart

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