Key Points
- Aflac director Joseph Moskowitz sold 600 shares on May 8 at an average price of $113.73, totaling $68,238. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Aflac reported mixed quarterly results, posting EPS of $1.75 versus the $1.80 consensus estimate, while revenue of $4.24 billion came in slightly above expectations. Revenue also rose 27.9% year over year.
- The company announced a quarterly dividend of $0.61 per share, payable June 1, which works out to an annualized $2.44 dividend and a 2.1% yield. Analysts currently have a consensus rating of Hold with a target price of $111.36.
Aflac Incorporated (NYSE:AFL - Get Free Report) Director Joseph Moskowitz sold 600 shares of Aflac stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $113.73, for a total transaction of $68,238.00. Following the completion of the transaction, the director directly owned 25,368 shares in the company, valued at $2,885,102.64. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aflac Stock Up 2.1%
NYSE AFL opened at $115.44 on Tuesday. The business has a fifty day moving average price of $111.46 and a two-hundred day moving average price of $111.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.32. The stock has a market capitalization of $58.75 billion, a PE ratio of 13.10, a PEG ratio of 1.97 and a beta of 0.62.
Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The company's revenue for the quarter was up 27.9% on a year-over-year basis. Equities analysts expect that Aflac Incorporated will post 7.12 earnings per share for the current fiscal year.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, May 20th. Aflac's payout ratio is currently 27.70%.
Analyst Ratings Changes
A number of research analysts have recently commented on AFL shares. Piper Sandler dropped their target price on shares of Aflac from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, May 1st. Weiss Ratings cut shares of Aflac from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Mizuho set a $104.00 price objective on shares of Aflac in a research note on Monday, May 4th. Wells Fargo & Company cut their target price on shares of Aflac from $116.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Aflac from $113.00 to $115.00 and gave the stock a "market perform" rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Aflac presently has a consensus rating of "Hold" and a consensus target price of $111.36.
Get Our Latest Report on AFL
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in Aflac during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC acquired a new position in Aflac in the 1st quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Aflac during the fourth quarter valued at $29,000. Evergreen Advisors LLC bought a new position in shares of Aflac during the first quarter valued at $29,000. Finally, Navalign LLC acquired a new position in shares of Aflac during the fourth quarter worth $32,000. Institutional investors and hedge funds own 67.44% of the company's stock.
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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