Wednesday, September 20, 2017 10:15 PM ET
Significant Insider Selling Continues at Aetna (AET)
A SEC filing today indicated a significant insider sale of Aetna shares as — Karen S Lynch, Officer — sold 15,271 shares in the company having a market value of approximately $2,472,526. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 10,288 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,559 shares and have averaged 12,780 shares per transaction over this time period.
The level of buy-sell trading at Aetna is near the 10 member peer company average. The Managed Healthcare peer group saw 19 buy/sell trades during this period for an average of 1.9 transactions per company. However, the number of shares per buy/sell trade transacted by Aetna insiders is higher. Within the peer group there were 0 shares purchased and 140,327 shares sold with company insiders having sold 7,386 shares on average.
The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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