Aflac Incorporated (NYSE:AFL - Get Free Report) EVP Steven Kent Beaver sold 7,387 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $113.58, for a total transaction of $839,015.46. Following the completion of the transaction, the executive vice president directly owned 40,526 shares in the company, valued at $4,602,943.08. This represents a 15.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Steven Kent Beaver also recently made the following trade(s):
- On Friday, December 12th, Steven Kent Beaver sold 5,492 shares of Aflac stock. The stock was sold at an average price of $109.53, for a total value of $601,538.76.
- 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 value of $377,165.52.
Aflac Price Performance
Shares of AFL opened at $112.48 on Wednesday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a fifty day moving average price of $111.37 and a 200 day moving average price of $109.88. The company has a market cap of $58.95 billion, a P/E ratio of 16.35, a PEG ratio of 3.67 and a beta of 0.67.
Aflac (NYSE:AFL - Get Free Report) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.12). The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The business's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. On average, research analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.
Hedge Funds Weigh In On Aflac
Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC grew its position in Aflac by 10.4% in the third quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider's stock worth $193,407,000 after buying an additional 163,791 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Aflac by 3.8% during the 3rd quarter. Nordea Investment Management AB now owns 1,768,705 shares of the financial services provider's stock worth $196,662,000 after acquiring an additional 65,308 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Aflac by 126.1% in the 3rd quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider's stock worth $2,384,000 after acquiring an additional 11,903 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Aflac by 12.0% during the third quarter. Jones Financial Companies Lllp now owns 97,344 shares of the financial services provider's stock worth $10,841,000 after purchasing an additional 10,423 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Aflac by 31.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 55,022 shares of the financial services provider's stock valued at $6,146,000 after purchasing an additional 13,017 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on AFL shares. Weiss Ratings restated a "buy (b+)" rating on shares of Aflac in a research note on Monday, December 22nd. JPMorgan Chase & Co. increased their price objective on Aflac from $101.00 to $105.00 and gave the stock a "neutral" rating in a report on Monday, January 5th. Mizuho set a $107.00 target price on Aflac in a research note on Monday, February 9th. Barclays set a $101.00 price target on Aflac and gave the stock an "underweight" rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company raised their price target on Aflac from $107.00 to $109.00 and gave the company an "equal weight" 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 issued a Sell rating to the stock. Based on data from MarketBeat, Aflac currently has a consensus rating of "Hold" and an average price target of $110.91.
Check Out Our Latest Report on Aflac
Aflac Company Profile
(
Get Free Report)
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.
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