Aflac Incorporated (NYSE:AFL) Director Elizabeth J. Hudson sold 1,279 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.76, for a total value of $107,129.04. Following the transaction, the director now owns 11,075 shares of the company’s stock, valued at $927,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Aflac Incorporated (AFL) opened at 83.94 on Friday. The firm has a market capitalization of $33.18 billion, a PE ratio of 12.69 and a beta of 0.97. The stock has a 50 day moving average price of $81.36 and a 200 day moving average price of $76.68. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.05.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.
Aflac announced that its Board of Directors has authorized a share repurchase program on Tuesday, August 8th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 23rd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.05%. Aflac’s dividend payout ratio (DPR) is 25.94%.
Several research firms have recently commented on AFL. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Thursday. ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC raised their price target on Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Bank of America Corporation lowered Aflac from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, UBS AG restated an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $77.41.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Aflac by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 31,980,927 shares of the financial services provider’s stock valued at $2,316,059,000 after buying an additional 1,048,415 shares during the last quarter. BlackRock Inc. boosted its position in Aflac by 1,750.9% in the 1st quarter. BlackRock Inc. now owns 23,849,668 shares of the financial services provider’s stock valued at $1,727,193,000 after buying an additional 22,561,116 shares during the last quarter. State Street Corp boosted its position in Aflac by 2.4% in the 1st quarter. State Street Corp now owns 21,858,806 shares of the financial services provider’s stock valued at $1,583,023,000 after buying an additional 505,060 shares during the last quarter. FMR LLC boosted its position in Aflac by 11.6% in the 2nd quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after buying an additional 736,703 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Aflac by 4.1% in the 1st quarter. AQR Capital Management LLC now owns 4,390,534 shares of the financial services provider’s stock valued at $317,962,000 after buying an additional 173,236 shares during the last quarter. 65.63% of the stock is owned by hedge funds and other institutional investors.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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