Aetna Inc. (NYSE:AET) announced a quarterly dividend on Monday, December 4th, RTT News reports. Investors of record on Thursday, January 11th will be paid a dividend of 0.50 per share on Friday, January 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%.
Aetna has increased its dividend by an average of 7.7% annually over the last three years. Aetna has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aetna to earn $10.12 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%.
Shares of Aetna (AET) opened at $178.70 on Tuesday. The firm has a market cap of $59,125.19, a P/E ratio of 17.76, a P/E/G ratio of 1.65 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53. Aetna has a 52-week low of $116.04 and a 52-week high of $192.37.
A number of analysts recently weighed in on AET shares. Zacks Investment Research upgraded shares of Aetna from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Thursday, October 12th. Deutsche Bank raised their target price on shares of Aetna from $157.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Jefferies Group raised their target price on shares of Aetna from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. BMO Capital Markets began coverage on shares of Aetna in a report on Monday, October 16th. They set a “market perform” rating and a $175.00 target price on the stock. Finally, Raymond James Financial upgraded shares of Aetna from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and an average target price of $174.14.
In related news, President Karen S. Lynch sold 15,271 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $161.91, for a total value of $2,472,527.61. Following the completion of the transaction, the president now directly owns 64,261 shares of the company’s stock, valued at $10,404,498.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares of the company’s stock, valued at $5,465,734.55. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.
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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.
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