Aetna Inc (NYSE:AET) declared a quarterly dividend on Friday, February 23rd, RTT News reports. Shareholders of record on Thursday, April 12th will be paid a dividend of 0.50 per share on Friday, April 27th. This represents a $2.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, April 11th.
Aetna has raised its dividend by an average of 24.8% per year over the last three years. Aetna has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aetna to earn $12.18 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.4%.
Shares of Aetna stock opened at $170.71 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $55,707.73, a price-to-earnings ratio of 17.33, a PEG ratio of 1.38 and a beta of 0.67. Aetna has a 52-week low of $127.08 and a 52-week high of $194.40.
A number of analysts have recently commented on AET shares. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price target for the company. in a research note on Wednesday, December 20th. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray upgraded shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 price target for the company in a research note on Wednesday, January 3rd. Deutsche Bank upgraded shares of Aetna from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $212.00 in a research note on Monday, January 22nd. Finally, Cowen reiterated a “buy” rating and issued a $212.00 price target on shares of Aetna in a research note on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Aetna has an average rating of “Buy” and an average price target of $189.50.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It 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 healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.
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