Aetna Inc (NYSE:AET) declared a quarterly dividend on Monday, December 4th, RTT News reports. Investors of record on Thursday, January 11th will be given a dividend of 0.50 per share on Friday, January 26th. This represents a $2.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, January 10th.
Aetna has increased its dividend by an average of 7.7% annually over the last three years. Aetna has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Aetna to earn $10.09 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 19.8%.
Aetna (AET) opened at $183.37 on Friday. The stock has a market cap of $59,800.00, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.61 and a beta of 0.61. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. Aetna has a fifty-two week low of $116.04 and a fifty-two week high of $192.37.
Aetna (NYSE:AET) last released its earnings results on Tuesday, October 31st. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.12 billion. Aetna had a net margin of 2.93% and a return on equity of 21.84%. Aetna’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 earnings per share. equities analysts expect that Aetna will post 9.78 EPS for the current year.
Several brokerages have recently weighed in on AET. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a report on Thursday, October 12th. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Argus lowered shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a report on Wednesday, December 6th. Morgan Stanley lowered shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 price objective on the stock. in a report on Wednesday, December 20th. Finally, Jefferies Group upped their price objective on shares of Aetna from $165.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Aetna presently has an average rating of “Buy” and a consensus target price of $172.64.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://transcriptdaily.com/2018/01/05/aetna-inc-aet-to-issue-quarterly-dividend-of-0-50-on-january-26th.html.
Aetna Company Profile
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.
Receive News & Ratings for Aetna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aetna and related companies with MarketBeat.com's FREE daily email newsletter.