Aetna Inc (NYSE:AET) declared a quarterly dividend on Friday, February 23rd, RTT News reports. Investors 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 dividend yield of 1.14%.
Aetna has increased its dividend payment 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 $12.17 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 (NYSE AET) traded up $0.58 during trading on Friday, hitting $175.64. 1,282,951 shares of the company traded hands, compared to its average volume of 2,796,445. The stock has a market cap of $57,466.68, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.42 and a beta of 0.60. The company has a quick ratio of 0.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. Aetna has a 52-week low of $124.84 and a 52-week high of $194.40.
Aetna (NYSE:AET) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $14.74 billion during the quarter, compared to analyst estimates of $14.79 billion. Aetna had a net margin of 3.15% and a return on equity of 21.50%. Aetna’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. analysts anticipate that Aetna will post 10.99 EPS for the current year.
AET has been the topic of a number of analyst reports. Citigroup raised their price objective on shares of Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. ValuEngine raised shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank raised shares of Aetna from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $212.00 in a research note on Monday, January 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $212.00 price objective on shares of Aetna in a research note on Tuesday, January 30th. Finally, Cowen reaffirmed a “buy” rating and set a $212.00 price objective 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 fourteen have given a buy rating to the stock. Aetna has an average rating of “Buy” and a consensus price target of $189.50.
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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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