Aflac Incorporated (AFL) Insider James Todd Daniels Sells 620 Shares
Aflac Incorporated (NYSE:AFL) insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $81.49, for a total value of $50,523.80. Following the transaction, the insider now owns 15,454 shares of the company’s stock, valued at $1,259,346.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Aflac Incorporated (NYSE AFL) traded down 0.17% during mid-day trading on Tuesday, reaching $81.83. The company’s stock had a trading volume of 426,056 shares. The firm has a 50-day moving average of $81.90 and a 200-day moving average of $77.40. The firm has a market capitalization of $32.34 billion, a PE ratio of 12.37 and a beta of 0.96. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.51.
Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. Aflac’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share. Equities research analysts forecast that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.
Aflac declared that its board has initiated a share buyback plan on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of large investors have recently added to or reduced their stakes in AFL. Vanguard Group Inc. increased its position in Aflac by 3.4% in the first quarter. Vanguard Group Inc. now owns 31,980,927 shares of the financial services provider’s stock worth $2,316,059,000 after buying an additional 1,048,415 shares during the period. BlackRock Inc. lifted its stake in Aflac by 1,750.9% in the first quarter. BlackRock Inc. now owns 23,849,668 shares of the financial services provider’s stock valued at $1,727,193,000 after buying an additional 22,561,116 shares during the last quarter. State Street Corp lifted its stake in Aflac by 2.4% in the first quarter. State Street Corp now owns 21,858,806 shares of the financial services provider’s stock valued at $1,583,023,000 after buying an additional 505,060 shares during the last quarter. FMR LLC lifted its stake in Aflac by 11.6% in the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after buying an additional 736,703 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Aflac by 4.1% in the first quarter. AQR Capital Management LLC now owns 4,390,534 shares of the financial services provider’s stock valued at $317,962,000 after buying an additional 173,236 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.
A number of brokerages recently commented on AFL. Zacks Investment Research cut Aflac from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Barclays PLC boosted their price target on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $78.00 in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “sell” rating and issued a $66.00 price objective on shares of Aflac in a research note on Wednesday, July 12th. Finally, FBR & Co reissued a “market perform” rating and issued a $80.00 price objective (up previously from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Aflac has an average rating of “Hold” and an average target price of $78.13.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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