Aflac (NYSE:AFL) Director Joseph Moskowitz Sells 12,370 Shares of Stock

Aflac Incorporated (NYSE:AFL) Director Joseph Moskowitz sold 12,370 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total value of $1,441,599.80. Following the sale, the director owned 33,310 shares in the company, valued at approximately $3,881,947.40. This represents a 27.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Aflac Price Performance

Shares of NYSE AFL opened at $117.64 on Thursday. The stock has a market cap of $59.87 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 2.08 and a beta of 0.61. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $115.56 and a 200-day moving average of $112.39.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Equities research analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s payout ratio is presently 27.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AFL shares. Mizuho set a $104.00 price target on shares of Aflac in a report on Monday, May 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays set a $99.00 target price on shares of Aflac and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Finally, UBS Group cut their price target on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS boosted its stake in Aflac by 51.3% in the fourth quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock worth $18,526,000 after buying an additional 56,975 shares in the last quarter. BIP Wealth LLC grew its position in Aflac by 348.3% during the fourth quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider’s stock valued at $6,145,000 after acquiring an additional 43,293 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Aflac during the fourth quarter worth approximately $3,743,000. Nordea Investment Management AB raised its stake in shares of Aflac by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider’s stock worth $206,712,000 after acquiring an additional 97,766 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Aflac in the 4th quarter worth approximately $20,865,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

About Aflac

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.