Aetna Reaches New 52-Week High (AET)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Aetna (NYSE: AET) hit a new 52-week high Wednesday as it is currently trading at $56.97, above its previous 52-week high of $56.92 with 853,643 shares traded as of 10:46 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Aetna has a market cap of $17.97 billion and is part of the health care sector and health services industry. Shares are up 20% year to date as of the close of trading on Tuesday.

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 11.4, below the S&P 500 P/E ratio of 17.7.

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

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