Key Points
- Post Holdings Co. Ltd. Japan sold 24,500 Aflac shares on May 14 at an average price of $116.42, totaling about $2.85 million. The filing notes the trade was made under a pre-arranged Rule 10b5-1 plan, and the insider still holds more than 51.5 million shares.
- Aflac recently reported quarterly earnings of $1.75 per share, missing analyst estimates, though revenue came in slightly above expectations at $4.24 billion. Revenue also rose 27.9% year over year, and analysts still expect full-year EPS of 7.12.
- The company declared a quarterly dividend of $0.61 per share, payable June 1, for an annualized yield of about 2.1%. Aflac’s shares were trading near their 52-week high, with the stock opening at $118.58 versus a 52-week range of $96.95 to $119.32.
Aflac Incorporated (NYSE:AFL - Get Free Report) Director Thomas Kenny sold 1,740 shares of Aflac stock in a transaction on Friday, May 15th. The shares were sold at an average price of $116.57, for a total value of $202,831.80. Following the transaction, the director directly owned 13,219 shares of the company's stock, valued at approximately $1,540,938.83. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Aflac Stock Up 1.5%
Shares of NYSE AFL opened at $118.58 on Tuesday. The stock has a market cap of $60.35 billion, a PE ratio of 13.46, a PEG ratio of 2.04 and a beta of 0.62. The business has a fifty day moving average of $111.89 and a two-hundred day moving average of $111.37. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.
Aflac (NYSE:AFL - Get Free Report) last issued 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 firm's revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share. As a group, equities research analysts expect that Aflac Incorporated will post 7.12 earnings per share for the current fiscal year.
Aflac Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend 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 (DPR) is presently 27.70%.
Institutional Trading of Aflac
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BIP Wealth LLC grew its position 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 valued at $6,145,000 after purchasing an additional 43,293 shares during the period. ProShare Advisors LLC grew its position 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 valued at $193,407,000 after purchasing an additional 163,791 shares during the period. Wedbush Securities Inc. grew its position 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 valued at $2,384,000 after purchasing an additional 11,903 shares during the period. Nordea Investment Management AB grew its position 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 valued at $206,712,000 after purchasing an additional 97,766 shares during the period. Finally, Jones Financial Companies Lllp grew its position 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 valued at $10,841,000 after purchasing an additional 10,423 shares during the period. 67.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on AFL. Wall Street Zen raised Aflac from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Mizuho set a $104.00 price objective on Aflac in a report on Monday, May 4th. Evercore raised Aflac from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, April 9th. Piper Sandler cut their price objective on Aflac from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, May 1st. Finally, UBS Group cut their price target on 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 given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Aflac presently has an average rating of "Hold" and an average price target of $111.36.
Read 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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