Aflac Incorporated (AFL) Director Sells $141,840.00 in Stock
Aflac Incorporated (NYSE:AFL) Director Robert B. Johnson sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $70.92, for a total value of $141,840.00. Following the completion of the transaction, the director now directly owns 19,281 shares in the company, valued at approximately $1,367,408.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Aflac Incorporated (NYSE:AFL) opened at 71.19 on Friday. Aflac Incorporated has a 52-week low of $58.46 and a 52-week high of $74.50. The firm has a 50-day moving average price of $69.80 and a 200-day moving average price of $71.00. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 11.09 and a beta of 1.01.
Aflac (NYSE:AFL) last released its quarterly earnings results on Tuesday, January 31st. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.63 by $0.17. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Aflac had a return on equity of 13.10% and a net margin of 11.79%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 EPS. Analysts predict that Aflac Incorporated will post $6.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Monday, February 13th. Aflac’s dividend payout ratio is currently 26.75%.
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Several research firms recently issued reports on AFL. Zacks Investment Research lowered Aflac from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. RBC Capital Markets reissued an “underperform” rating and set a $62.00 target price (down previously from $65.00) on shares of Aflac in a research note on Thursday, February 2nd. Royal Bank Of Canada decreased their target price on Aflac from $65.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, February 2nd. Citigroup Inc. began coverage on Aflac in a research note on Thursday, January 26th. They set a “neutral” rating and a $73.00 target price on the stock. Finally, Evercore ISI raised Aflac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.58.
Several large investors have recently made changes to their positions in the stock. New York Life Trust Co. increased its stake in shares of Aflac by 7.7% in the third quarter. New York Life Trust Co. now owns 1,550 shares of the company’s stock worth $111,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Aflac during the fourth quarter worth approximately $115,000. TLP Group LLC acquired a new stake in shares of Aflac during the third quarter worth approximately $123,000. Mosaic Family Wealth LLC increased its stake in shares of Aflac by 41.7% in the third quarter. Mosaic Family Wealth LLC now owns 1,766 shares of the company’s stock worth $127,000 after buying an additional 520 shares in the last quarter. Finally, SRB Corp increased its stake in shares of Aflac by 4.4% in the third quarter. SRB Corp now owns 2,153 shares of the company’s stock worth $155,000 after buying an additional 90 shares in the last quarter. 62.45% of the stock is owned by institutional investors and hedge funds.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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