Aflac Incorporated (AFL) President Kriss Cloninger III Sells 25,000 Shares
Aflac Incorporated (NYSE:AFL) President Kriss Cloninger III sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.83, for a total value of $2,095,750.00. Following the transaction, the president now owns 298,646 shares in the company, valued at approximately $25,035,494.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kriss Cloninger III also recently made the following trade(s):
- On Friday, August 4th, Kriss Cloninger III sold 3,500 shares of Aflac stock. The stock was sold at an average price of $81.06, for a total value of $283,710.00.
Shares of Aflac Incorporated (AFL) traded up 0.37% during midday trading on Friday, reaching $83.94. The company had a trading volume of 1,105,560 shares. The stock’s 50 day moving average is $81.36 and its 200-day moving average is $76.68. The stock has a market capitalization of $33.18 billion, a PE ratio of 12.69 and a beta of 0.97. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $84.05.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 annualized dividend and a yield of 2.05%. Aflac’s payout ratio is currently 25.94%.
Aflac declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Thursday. Bank of America Corporation cut Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. UBS AG reiterated an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Barclays PLC lifted their price objective on Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Aflac presently has a consensus rating of “Hold” and a consensus price target of $77.41.
A number of large investors have recently made changes to their positions in AFL. TIAA CREF Trust Co. FSB MO boosted its holdings in Aflac by 3.8% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 18,074 shares of the financial services provider’s stock worth $1,309,000 after acquiring an additional 663 shares in the last quarter. Girard Partners LTD. boosted its holdings in Aflac by 31.7% in the first quarter. Girard Partners LTD. now owns 5,453 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 1,314 shares in the last quarter. Boston Partners boosted its holdings in Aflac by 3.0% in the first quarter. Boston Partners now owns 1,563,571 shares of the financial services provider’s stock worth $113,234,000 after acquiring an additional 45,209 shares in the last quarter. Henderson Group PLC boosted its holdings in Aflac by 1.3% in the first quarter. Henderson Group PLC now owns 55,517 shares of the financial services provider’s stock worth $4,020,000 after acquiring an additional 700 shares in the last quarter. Finally, HPM Partners LLC bought a new position in Aflac in the first quarter worth approximately $563,000. Institutional investors and hedge funds own 65.63% of the company’s stock.
Aflac Company Profile
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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