(Boursier.com) — Axa reacted little on Tuesday at 26.30 euros, while Morgan Stanley adjusted its price target to 32 euros, against 35 euros previously on the insurer. Deutsche Bank had previously revised its target price to 29 euros, against 29.5 euros… A dividend of 1.54 euros per share, up 8% compared to the year 2020, will be proposed to the Annual general meeting of shareholders on April 28. This dividend would be paid on May 10, 2022 and the ordinary shares will be listed excluding dividends from May 6, 2022. The distribution rate would correspond to 56% of operating profit, net of interest charges on perpetual subordinated debt.
Given the very good overall operating performance achieved in 2021 and provided the current operating environment is maintained, management believes that AXA is positioned to deliver average growth in earnings per share at the top of the target range of 3 -7% between 2020 (adjusted for the impact of Covid-19 and expenses related to natural disasters beyond normalized costs) and 2023, and to exceed its objective of 14 billion euros in cumulative cash raised from entities between 2021-2023 .
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