Aetna Inc Declares Quarterly Dividend of $0.23 (AET)
Aetna (NYSE:AET) announced a quarterly dividend on Friday, May 30th, AnalystRatings.Net reports. Shareholders of record on Thursday, July 10th will be paid a dividend of 0.225 per share on Friday, July 25th. This represents a $0.90 annualized dividend and a dividend yield of 1.16%.
AET has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Aetna from $76.00 to $87.00 in a research note on Friday. On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Aetna in a research note on Tuesday, May 13th. They now have a $83.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Aetna in a research note on Friday, April 25th. They now have a $77.00 price target on the stock. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Aetna currently has an average rating of “Buy” and an average price target of $78.72.
Aetna (NYSE:AET) traded up 0.47% during mid-day trading on Friday, hitting $77.55. The stock had a trading volume of 1,766,932 shares. Aetna has a 1-year low of $57.72 and a 1-year high of $77.70. The stock has a 50-day moving average of $72.91 and a 200-day moving average of $70.39. The company has a market cap of $27.716 billion and a price-to-earnings ratio of 13.59.
Aetna (NYSE:AET) last released its earnings data on Thursday, April 24th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.43. The company had revenue of $13.97 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 46.9% on a year-over-year basis. Analysts expect that Aetna will post $6.51 EPS for the current fiscal year.
In other Aetna news, Director Franklin Barbara Hackman sold 2,665 shares of the company’s stock on the open market in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $77.26, for a total transaction of $205,897.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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