Key Points
- Steven Kent Beaver, Aflac EVP, sold 5,492 shares on Dec. 12 at an average price of $109.53 for $601,538.76, cutting his position by 12.52% to 38,368 shares.
- Aflac raised its quarterly dividend to $0.61 (annualized $2.44, ~2.2% yield) and last reported quarterly EPS of $1.07 on $5.91 billion in revenue, with a net margin of 23.55% and ROE of 14.97%.
- Analysts are mixed with a consensus rating of Hold and a $110.55 target; the stock trades near $109 with a market cap of about $57.4 billion and a 52-week range of $96.95–$115.83.
Aflac Incorporated (NYSE:AFL - Get Free Report) EVP Steven Kent Beaver sold 5,492 shares of the firm's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $109.53, for a total transaction of $601,538.76. Following the completion of the transaction, the executive vice president directly owned 38,368 shares in the company, valued at $4,202,447.04. This trade represents a 12.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Steven Kent Beaver also recently made the following trade(s):
- On Friday, December 5th, Steven Kent Beaver sold 3,452 shares of Aflac stock. The stock was sold at an average price of $109.26, for a total transaction of $377,165.52.
Aflac Trading Down 1.8%
Shares of NYSE AFL opened at $109.48 on Wednesday. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.83. The firm has a market capitalization of $57.38 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.28 and a beta of 0.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. The company's 50 day simple moving average is $109.92 and its 200 day simple moving average is $106.72.
Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. The firm had revenue of $5.91 billion during the quarter. Aflac had a net margin of 23.55% and a return on equity of 14.97%. On average, analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.
Aflac Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.61 dividend. This is a boost from Aflac's previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, February 18th. Aflac's dividend payout ratio is currently 30.29%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on AFL shares. Mizuho started coverage on Aflac in a report on Tuesday. They set an "underperform" rating and a $104.00 target price on the stock. Morgan Stanley set a $120.00 price target on Aflac in a research note on Monday. Weiss Ratings reissued a "buy (b)" rating on shares of Aflac in a research note on Monday, December 8th. Barclays restated an "underweight" rating and set a $104.00 price objective (up previously from $102.00) on shares of Aflac in a report on Wednesday, November 5th. Finally, Evercore ISI increased their target price on shares of Aflac from $110.00 to $111.00 and gave the stock an "underperform" rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $110.55.
Check Out Our Latest Report on AFL
Institutional Trading of Aflac
Large investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings in shares of Aflac by 25.2% in the third quarter. IFP Advisors Inc now owns 8,672 shares of the financial services provider's stock valued at $976,000 after buying an additional 1,746 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of Aflac by 2.3% during the third quarter. Swiss Life Asset Management Ltd now owns 128,848 shares of the financial services provider's stock worth $14,392,000 after acquiring an additional 2,867 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Aflac in the 3rd quarter valued at $415,000. Capital Square LLC bought a new stake in Aflac in the 3rd quarter valued at $220,000. Finally, CIBC Bancorp USA Inc. acquired a new position in Aflac in the 3rd quarter worth $8,350,000. 67.44% of the stock is owned by institutional investors.
About Aflac
(
Get Free Report)
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.
Further Reading
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