Joseph Zubretsky Insider Sell Transaction
Based on an average stock price per share of $107.2, Joseph Zubretsky, the Aetna Inc (NYSE:AET) [stock_ticker symbols=”NYSE:AET” show=”” zero=”#009D59″ minus=”#009D59″ plus=”#009D59″ static=”1″]’s Senior EVP – Healthagen unloaded 86,958 shares of Aetna Inc worth approx. $9,325,298 US Dollars. Joseph is trying to quietly decrease his company’s share, same as he did in the last 30 days. He unloaded another 162,066 shares worth $17,337,813 USD. This trade was pretty sizable one, so clearly it won’t go unseen. Now, Joseph Zubretsky has in hand 417,087 shares or roughly 0.12% of Aetna Inc’s total market capitalization. Dated March 30, 2015 the sale report is available for free here.
Aetna Inc Stock Rating, Sentiment and Fundamentals
Whatever reason maybe, the fact remains that Mr. Joseph, sold shares and seems pessimistic about Aetna Inc. Evidence from figures by twenty two spec analysts who research the stock; shows that the growth rate YoY might be not more than 9.52% with $7.19 earnings-per-share, making the corporation’s Price to Earnings ratio – 14.94.
Aetna Inc’s stock chart analysis reveals its price has increased 33.75% in the last 200 days. Such a steady up-trend usually continues. Our experts have no choice but to rate the stock NEUTRAL, despite Joseph’s stock sell, because of our live-tested stocks momentum model as shown on the chart below.
Price Chart of Aetna NYSE:AET Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
The consensus of the famous professional traders has always been that a combination of both fundamental as well as technical analysis allows for the best risk-adjusted returns, epitomized by Peter Lynch. This doesn’t look to be the case with Aetna Inc’s stock.
Hedge Funds Ownership
As of Q4 2014, 711 hedge funds and institutional investors had shares of Aetna Inc. In Q4 2014, the company had 83.17% institutional ownership. That is an extremely high interest. They decreased by 7.33 million the total shares they hold. As of that quarter these banks and hedge funds owned 301.23 million shares. A total of 41 funds closed their positions in Aetna Inc and 257 reduced their holdings. There were 96 funds that created new positions and 258 funds that added to their positions.
This stock is held by 24 hedge funds in their Top 10 stock positions. These funds are: Brc Investment Management Llc, Markston International Llc, Michael & Susan Dell Foundation, New Mountain Vantage Advisers L.L.C., Poplar Forest Capital Llc, Hurley Capital Llc, Shikiar Asset Management Inc, Great Lakes Advisors Llc, Lyrical Asset Management Lp, Piedmont Investment Advisors Llc.
Auxier Asset Management is the most positive institutional investor on Aetna Inc, with ownership of 5,314 shares as of Q4 2014 for 0.09% of the fund’s portfolio. Berkshire Asset Management Llc Pa is another positive asset manager possessing 4,549 shares of the company or 0.07% of their stocks portfolio. The stock is also 0.05% of the fund’s AUM. In addition The Massachusetts-based fund Bollard Group Llc have 0.02% of their stock portfolio invested in the company’s market cap for 2,000 shares. The Massachusetts-based fund Boston Common Asset Management Llc revealed it had purchased a stake worth 0.08% of the fund’s stock portfolio in Aetna Inc. The New York-based fund Burnham Asset Management Corp Ny is also upbeat about the stock, with ownership of 10,000 shares or 0.20% of their stock portfolio.
Aetna NYSE:AET Company Profile
Aetna Inc. is a diversified health care benefits companies, serving an estimated 46 million people with information and resources to help them in consultation with their health care professionals make better informed decisions about their health care. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid health care management services, Medicare Advantage and Medicare supplement plans, workersï¿½ compensation administrative services and health information technology products and services, such as Accountable Care Solutions (ACS). Its customers include employer groups, individuals, college students, health plans, health care providers, governmental units among others. The Companyï¿½s operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions.
As of writing its market capitalization is: $37.86 billion and it has 352.51 million outstanding shares. The firm has 48800 employees. Now there are 90.11% shareholders and the institutional ownership is 90.11%. Aetna Inc was founded in Pennsylvania on 1982-12-20. The stock closed at $107.4 yesterday and it had average 2 days volume of 769801 shares. It is up from the 30 days average shares volume of 603115. Aetna Inc has a 52weeks low of $66.85 and a 52 weeks high of $109.90. The current price is above the 200 days Simple moving average.
Joseph Zubretsky is also Vice President of Unum Group.
* Stock Appreciation Right is net settled; amount represents withholding of shares by the Company to pay exercise price and taxes.