AFLAC Incorporated (NYSE:AFL) announced a quarterly dividend on Thursday, July 25th, RTT News reports. Investors of record on Wednesday, August 21st will be paid a dividend of 0.27 per share by the financial services provider on Tuesday, September 3rd. This represents a $1.08 annualized dividend and a yield of 2.01%.
AFLAC has increased its dividend by an average of 9.6% annually over the last three years and has increased its dividend annually for the last 36 consecutive years. AFLAC has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AFLAC to earn $4.49 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 24.1%.
Shares of AFL stock traded down $0.15 during mid-day trading on Thursday, hitting $53.77. The company had a trading volume of 3,101,774 shares, compared to its average volume of 3,164,263. The stock has a market capitalization of $41.14 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a 50 day simple moving average of $55.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. AFLAC has a 52-week low of $41.45 and a 52-week high of $57.18.
In related news, SVP Albert Riggieri sold 5,247 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $52.39, for a total transaction of $274,890.33. Following the transaction, the senior vice president now directly owns 10,698 shares in the company, valued at $560,468.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $51.00, for a total value of $76,500.00. Following the completion of the transaction, the director now owns 12,816 shares in the company, valued at $653,616. The disclosure for this sale can be found here. Insiders have sold 148,324 shares of company stock worth $7,635,840 over the last quarter. 1.30% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on AFL shares. Zacks Investment Research downgraded shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday, July 10th. Evercore ISI started coverage on PagSeguro Digital in a report on Tuesday, July 16th. They issued an “outperform” rating on the stock. UBS Group lifted their price target on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Barclays set a $34.00 price objective on DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. AFLAC currently has an average rating of “Hold” and an average target price of $51.71.
AFLAC Company Profile
Aflac Incorporated, through its subsidiaries, 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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