Aflac Incorporated (NYSE:AFL) President Kriss Cloninger III sold 2,500 shares of Aflac stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $77.72, for a total value of $194,300.00. Following the completion of the sale, the president now directly owns 241,646 shares of the company’s stock, valued at approximately $18,780,727.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Aflac Incorporated (NYSE AFL) traded up 0.75% on Friday, reaching $78.38. The company’s stock had a trading volume of 2,775,441 shares. The stock has a 50-day moving average of $75.11 and a 200-day moving average of $72.12. The stock has a market cap of $31.10 billion, a P/E ratio of 12.75 and a beta of 1.00. Aflac Incorporated has a one year low of $66.50 and a one year high of $78.38.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts predict that Aflac Incorporated will post $6.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Wednesday, May 24th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, May 22nd. Aflac’s dividend payout ratio (DPR) is currently 27.92%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its position in Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock valued at $101,000 after buying an additional 100 shares during the period. Parallel Advisors LLC acquired a new stake in Aflac during the fourth quarter valued at about $115,000. Harfst & Associates Inc. acquired a new stake in Aflac during the first quarter valued at about $128,000. Quadrant Capital Group LLC boosted its stake in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares in the last quarter. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
AFL has been the subject of several recent research reports. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, April 17th. Royal Bank of Canada reissued an “underperform” rating and issued a $66.00 price objective (up previously from $62.00) on shares of Aflac in a report on Monday, May 1st. Raymond James Financial, Inc. raised Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, April 18th. Deutsche Bank AG lifted their price objective on Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, Bank of America Corporation raised Aflac from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $78.00 in a report on Thursday, April 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Aflac has a consensus rating of “Hold” and a consensus price target of $74.55.
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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