AFLAC Sees Unusually Large Options Volume (AFL)
AFLAC Incorporated (NYSE:AFL) was the target of some unusual options trading activity on Friday. Investors acquired 7,793 call options on the stock. This is an increase of approximately 1,075% compared to the average volume of 663 call options.
Shares of AFLAC (AFL) opened at $84.94 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. AFLAC has a one year low of $66.50 and a one year high of $91.73. The stock has a market cap of $33,394.13, a P/E ratio of 12.31, a PEG ratio of 2.43 and a beta of 1.02.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business posted $1.74 EPS. AFLAC’s quarterly revenue was down 3.7% compared to the same quarter last year. research analysts expect that AFLAC will post 6.76 earnings per share for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Thursday, September 21st. B. Riley reissued a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada reissued a “sell” rating and set a $71.00 target price on shares of AFLAC in a research report on Tuesday, October 10th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $90.00 target price (up previously from $84.00) on shares of AFLAC in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $80.29.
In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the transaction, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Audrey B. Tillman sold 310 shares of AFLAC stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,657 shares of company stock worth $1,988,685. 3.00% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. San Francisco Sentry Investment Group CA increased its stake in shares of AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares during the last quarter. Harfst & Associates Inc. increased its stake in shares of AFLAC by 12.0% during the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares during the last quarter. Princeton Portfolio Strategies Group LLC purchased a new stake in shares of AFLAC during the 2nd quarter worth approximately $200,000. Ifrah Financial Services Inc. purchased a new stake in shares of AFLAC during the 3rd quarter worth approximately $200,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of AFLAC during the 3rd quarter worth approximately $204,000. Institutional investors own 65.62% of the company’s stock.
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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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