Aetna Announces Quarterly Dividend of $0.20 (AET)
Aetna (NYSE:AET) declared a quarterly dividend on Tuesday, February 19th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.20 per share on Friday, April 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.63%.
Several analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Aetna in a research note to investors on Tuesday, February 12th. They now have a $58.00 price target on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of Aetna in a research note to investors on Thursday, February 7th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Aetna in a research note to investors on Tuesday, February 5th. They now have a $51.00 price target on the stock.
Twelve investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “overweight” and an average price target of $54.92.
Shares of Aetna (AET) traded down 1.50% during mid-day trading on Tuesday, hitting $48.46. Aetna (AET) has a 52 week low of $34.58 and a 52 week high of $51.14. The stock’s 50-day moving average is currently $47.87. The company has a market cap of $16.210 billion and a P/E ratio of 10.23.
Aetna last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.94 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $0.02. The company had revenue of $8.96 billion for the quarter, compared to the consensus estimate of $8.97 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Aetna has set its FY13 guidance at at least $5.40 EPS. Analysts expect that Aetna (AET) will post $5.53 EPS for the current fiscal year.
Aetna Inc. (Aetna) is a diversified healthcare benefits company. The Company offers a range of traditional 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 and health information exchange technology services.
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