Due to its recent acquisition of Coventry Health and a reduction in its debt-to-capital ratio, analysts at UBS raised the price target and earnings estimates on health care benefits company Aetna Inc. (AET) on Wednesday.
The analysts see shares of AET reaching $68, which suggests a 15% upside to Tuesday’s closing price of $59.07.
Aetna shares were inactive during pre-market trading on Wednesday. The stock is up +27.55% year-to-date.
The Bottom Line
Shares of Aetna (AET) have a dividend yield of 1.35% based on last night’s closing price of $59.07 and the company’s annualized dividend payout of 80 cents per share.
Aetna Inc. (AET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.