Aetna Reaches New 52-Week High (AET)

NEW YORK ( TheStreet) -- Aetna (NYSE: AET) hit a new 52-week high Thursday as it is currently trading at $48.97, above its previous 52-week high of $47.71 with 2.7 million shares traded as of 10 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Aetna has a market cap of $15.5 billion and is part of the health care sector and health services industry. Shares are up 10.3% year to date as of the close of trading on Wednesday.

Aetna Inc. operates as a diversified health care benefits company in the United States. The company operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The company has a P/E ratio of nine, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aetna as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Aetna Ratings Report.

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