The Exec. VP, Government Services of Aetna Inc. (NYSE: AET) is Selling Shares

By Carrie Williams

Today, the Exec. VP, Government Services of Aetna Inc. (NYSE: AET), Francis Soistman, sold shares of AET for $1M.

This is Soistman’s first Sell trade following 5 Buy transactions.

Based on Aetna Inc.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $15.78 billion and quarterly net profit of $604 million. In comparison, last year the company earned revenue of $14.97 billion and had a net profit of $560 million. The company has a one year high of $123.57 and a one year low of $92.42. AET’s market cap is $39.57B and the company has a P/E ratio of 16.34.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $130.50, reflecting a -14.2% downside. Four different firms, including Credit Suisse and Edward Jones, currently also have a Sell rating on the stock.

The insider sentiment on Aetna Inc. has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Aetna, Inc. engages in the provision of traditional, voluntary, and consumer-directed health insurance products and related services. It operates through the following segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment consists of medical, pharmacy benefit management services, dental, behavioral health, and vision plans offered on insured and employer-funded basis. The Group Insurance segment includes group life insurance and group disability products. The Large Case Pensions segment manages retirement products for tax-qualified pension plans. The company was founded by Eliphalet Adams Bulkeley in 1853 and is headquartered in Hartford, CT.