Key Points
- Aflac director Arthur Reginald Collins sold 2,300 shares on May 14 at an average price of $116.55, for proceeds of about $268,065. After the sale, he still held 6,186 shares valued at roughly $720,978.
- The sale comes amid mixed recent fundamentals for Aflac: the company beat revenue expectations in its latest quarter but missed EPS estimates by $0.05. Revenue jumped 27.9% year over year, and analysts still expect $7.12 EPS for the full year.
- Aflac is also set to pay a quarterly dividend of $0.61 per share on June 1, implying an annualized payout of $2.44 and a yield of about 2.1%. The company’s dividend payout ratio is currently 27.7%.
Aflac Incorporated (NYSE:AFL - Get Free Report) Director Arthur Reginald Collins sold 2,300 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $116.55, for a total transaction of $268,065.00. Following the transaction, the director owned 6,186 shares of the company's stock, valued at approximately $720,978.30. The trade was a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Aflac Price Performance
NYSE:AFL opened at $116.83 on Friday. The stock has a market cap of $59.47 billion, a P/E ratio of 13.26, a PEG ratio of 2.03 and a beta of 0.62. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.32. The company has a fifty day moving average price of $111.74 and a 200 day moving average price of $111.25. 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 (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.05). The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. Aflac'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 company earned $1.66 earnings per share. Analysts anticipate that Aflac Incorporated will post 7.12 earnings per share for the current year.
Aflac Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. Aflac's dividend payout ratio is currently 27.70%.
Key Stories Impacting Aflac
Here are the key news stories impacting Aflac this week:
- Positive Sentiment: Aflac issued $500 million of 5.150% senior notes due 2036, which should add balance-sheet flexibility and support liquidity for the insurer’s capital management plans. Aflac Issues $500 Million 2036 Senior Notes Offering
- Positive Sentiment: Recent commentary highlighted strong sales growth in Japan and the U.S., improving Japan margins, and a lower benefit ratio, all of which support Aflac’s earnings durability. Here's Why You Should Keep Holding Aflac in Your Portfolio
- Neutral Sentiment: The latest quarter was mixed, with revenue beating estimates but earnings per share missing consensus, leaving investors focused on whether growth can offset margin pressure.
- Neutral Sentiment: Several recent articles questioned Aflac’s valuation and risk profile after softer Japan margins and the earnings miss, but these pieces mainly reinforced existing concerns rather than introducing a new catalyst.
- Negative Sentiment: Major shareholder Post Holdings Co. Ltd. Japan disclosed another small sale of Aflac shares under a pre-arranged 10b5-1 plan, adding to a recent pattern of insider selling that can weigh on sentiment. Aflac (NYSE:AFL) Major Shareholder Sells $2,767,885.00 in Stock
- Negative Sentiment: Director Arthur Reginald Collins also sold shares recently, which may add a modest headwind to investor sentiment around the stock. SEC insider filing for Arthur Reginald Collins sale
Institutional Investors Weigh In On Aflac
Large investors have recently made changes to their positions in the company. BIP Wealth LLC grew its holdings in shares of Aflac by 348.3% in the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider's stock worth $6,145,000 after purchasing an additional 43,293 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Aflac by 10.4% in the 3rd quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider's stock worth $193,407,000 after purchasing an additional 163,791 shares during 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 purchasing an additional 11,903 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Aflac by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider's stock worth $206,712,000 after purchasing an additional 97,766 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Aflac by 12.0% in the 3rd 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 last quarter. Institutional investors own 67.44% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AFL. Barclays set a $99.00 price objective on shares of Aflac and gave the company an "underweight" rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Aflac from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Aflac from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Piper Sandler dropped their price objective on shares of Aflac from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, May 1st. Finally, Evercore upgraded shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $111.36.
View Our Latest Analysis on AFL
About Aflac
(
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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