Aflac (NYSE:AFL) EVP Steven Kent Beaver Sells 7,387 Shares of Stock

Aflac Incorporated (NYSE:AFL) EVP Steven Kent Beaver sold 7,387 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $113.58, for a total transaction of $839,015.46. Following the completion of the sale, the executive vice president directly owned 40,526 shares of the company’s stock, valued at $4,602,943.08. The trade was a 15.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Steven Kent Beaver also recently made the following trade(s):

• On Friday, December 12th, Steven Kent Beaver sold 5,492 shares of Aflac stock. The stock was sold at an average price of $109.53, for a total transaction of $601,538.76.
• On Friday, December 5th, Steven Kent Beaver sold 3,452 shares of Aflac stock. The shares were sold at an average price of $109.26, for a total value of $377,165.52.

Aflac Trading Up 0.1%

NYSE:AFL opened at $112.48 on Wednesday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.32. The business’s 50-day moving average is $111.37 and its two-hundred day moving average is $109.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $58.95 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 3.67 and a beta of 0.67.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.12). The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. Research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

AFL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Raymond James Financial restated an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. Evercore boosted their price target on Aflac from $110.00 to $111.00 and gave the stock an “underperform” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Finally, Barclays set a $101.00 price objective on Aflac and gave the stock an “underweight” rating in a report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.91.

Institutional Trading of Aflac

Several institutional investors and hedge funds have recently bought and sold shares of AFL. Astoria Portfolio Advisors LLC. grew its position in shares of Aflac by 10.2% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 3,814 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 353 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Aflac by 16.2% during the 4th quarter. Pacer Advisors Inc. now owns 45,045 shares of the financial services provider’s stock valued at $4,967,000 after acquiring an additional 6,295 shares in the last quarter. Kera Capital Partners Inc. bought a new position in Aflac during the fourth quarter worth $264,000. MV Capital Management Inc. acquired a new position in Aflac in the fourth quarter worth $470,000. Finally, Compound Planning Inc. increased its stake in Aflac by 2.6% during the fourth quarter. Compound Planning Inc. now owns 13,652 shares of the financial services provider’s stock valued at $1,505,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.