Audrey B. Tillman Sells 18,856 Shares of Aflac Inc. (AFL) Stock
Aflac Inc. (NYSE:AFL) insider Audrey B. Tillman sold 18,856 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the sale, the insider now directly owns 43,087 shares of the company’s stock, valued at approximately $3,166,894.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Aflac Inc. (NYSE:AFL) opened at 71.34 on Monday. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50. The stock’s 50 day moving average is $72.92 and its 200 day moving average is $68.95. The firm has a market cap of $29.22 billion, a PE ratio of 11.73 and a beta of 1.30.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The business earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts anticipate that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Monday, August 22nd. Aflac’s dividend payout ratio is currently 26.93%.
A number of equities research analysts have recently issued reports on AFL shares. Citigroup Inc. reaffirmed a “buy” rating on shares of Aflac in a report on Sunday, May 22nd. Sandler O’Neill lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. FBR & Co lowered shares of Aflac from an “outperform” rating to a “market perform” rating and set a $68.00 target price for the company. in a report on Thursday, May 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 target price for the company in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.46.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its position in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock worth $112,000 after buying an additional 1,492 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock worth $127,000 after buying an additional 705 shares in the last quarter. MCF Advisors LLC bought a new stake in Aflac during the first quarter worth approximately $134,000. Finally, Trust Department MB Financial Bank N A boosted its stake in Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock worth $135,000 after buying an additional 1,617 shares in the last quarter. Institutional investors and hedge funds own 62.75% of the company’s stock.
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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