AFLAC Incorporated (NYSE:AFL) insider Teresa L. White sold 12,338 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $49.06, for a total transaction of $605,302.28. Following the completion of the sale, the insider now owns 56,343 shares of the company’s stock, valued at approximately $2,764,187.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
AFLAC stock opened at $48.90 on Friday. AFLAC Incorporated has a twelve month low of $41.45 and a twelve month high of $49.38. The company has a market cap of $37.39 billion, a PE ratio of 11.75, a P/E/G ratio of 3.39 and a beta of 0.78. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.25.
AFLAC (NYSE:AFL) last released its earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.47 billion. On average, equities analysts expect that AFLAC Incorporated will post 4.22 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, January 17th. ValuEngine raised shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Morgan Stanley reduced their target price on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 13th. SunTrust Banks increased their target price on shares of AFLAC to $48.00 and gave the company a “hold” rating in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. downgraded shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Wednesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.42.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new position in AFLAC in the 3rd quarter worth approximately $512,000. Liberty Capital Management Inc. boosted its holdings in AFLAC by 4.4% in the 3rd quarter. Liberty Capital Management Inc. now owns 90,663 shares of the financial services provider’s stock worth $4,268,000 after buying an additional 3,847 shares during the period. CIBC World Markets Inc. boosted its holdings in AFLAC by 5.8% in the 3rd quarter. CIBC World Markets Inc. now owns 103,436 shares of the financial services provider’s stock worth $4,869,000 after buying an additional 5,654 shares during the period. Transamerica Financial Advisors Inc. bought a new position in AFLAC in the 4th quarter worth approximately $41,000. Finally, Hexavest Inc. boosted its holdings in AFLAC by 44.4% in the 4th quarter. Hexavest Inc. now owns 1,463,674 shares of the financial services provider’s stock worth $66,685,000 after buying an additional 450,012 shares during the period. 66.98% of the stock is owned by institutional investors.
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AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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