Key Points
- Aflac director Masatoshi Koide sold 13,201 shares at an average price of $118.01, generating approximately $1.56 million and reducing his stake by 14.73%.
- Aflac reported quarterly EPS of $1.75, narrowly missing estimates, while revenue of $4.22 billion exceeded expectations. The company pays a quarterly dividend of $0.61 per share, representing a 2.1% yield.
- Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $116.62; institutional investors own 67.44% of the company.
Aflac Incorporated (NYSE:AFL - Get Free Report) Director Masatoshi Koide sold 13,201 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $118.01, for a total value of $1,557,850.01. Following the transaction, the director owned 76,422 shares of the company's stock, valued at approximately $9,018,560.22. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Aflac Stock Performance
Shares of Aflac stock opened at $116.32 on Friday. The firm has a market cap of $58.31 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.88 and a beta of 0.59. The stock's 50-day moving average is $120.62 and its 200-day moving average is $116.46. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.
Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.
Aflac Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac's dividend payout ratio is 26.15%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Aflac in the 2nd quarter valued at approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider's stock valued at $609,843,000 after buying an additional 1,132,091 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Aflac by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider's stock worth $499,216,000 after buying an additional 67,650 shares during the last quarter. Norges Bank acquired a new position in Aflac during the fourth quarter worth $420,078,000. Finally, Legal & General Group Plc acquired a new position in Aflac during the second quarter worth $404,639,000. Institutional investors and hedge funds own 67.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on AFL. Keefe, Bruyette & Woods lifted their price objective on shares of Aflac from $120.00 to $125.00 and gave the company a "market perform" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of Aflac from $117.00 to $116.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Barclays reaffirmed an "underweight" rating and issued a $99.00 target price (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the company an "equal weight" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut shares of Aflac from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $116.62.
Get Our Latest Stock Report on AFL
Aflac Company Profile
(
Get Free Report)
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
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