Aflac Inc. (AFL) Sets New 1-Year High at $73.06
Aflac Inc. (NYSE:AFL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.06 and last traded at $72.84, with a volume of 570,228 shares trading hands. The stock had previously closed at $72.49.
Several equities analysts have recently issued reports on AFL shares. Macquarie raised Aflac from a “neutral” rating to an “outperform” rating in a report on Thursday, April 14th. Sandler O’Neill cut Aflac from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Citigroup Inc. reissued a “buy” rating on shares of Aflac in a report on Sunday, May 22nd. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, April 5th. Finally, Raymond James Financial Inc. lowered Aflac from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.46.
The company’s 50-day moving average price is $69.80 and its 200-day moving average price is $64.06. The firm has a market cap of $30.15 billion and a PE ratio of 11.99.
Aflac (NYSE:AFL) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.10. The firm earned $5.45 billion during the quarter, compared to analyst estimates of $5.24 billion. Aflac’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. On average, equities analysts anticipate that Aflac Inc. will post $6.69 EPS for the current fiscal year.
In other news, VP Robin Y. Wilkey sold 3,065 shares of Aflac stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $70.23, for a total transaction of $215,254.95. Following the completion of the sale, the vice president now directly owns 14,299 shares in the company, valued at approximately $1,004,218.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Teresa L. White sold 2,853 shares of Aflac stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $69.80, for a total transaction of $199,139.40. Following the sale, the insider now owns 30,362 shares of the company’s stock, valued at $2,119,267.60. The disclosure for this sale can be found here.
Other large investors recently bought and sold shares of the company. Stephens Inc. AR increased its stake in Aflac by 233.3% in the fourth quarter. Stephens Inc. AR now owns 26,988 shares of the company’s stock worth $1,617,000 after buying an additional 18,891 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in Aflac by 2.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 23,855 shares of the company’s stock worth $1,428,000 after buying an additional 515 shares during the last quarter. Parsons Capital Management Inc. RI increased its stake in Aflac by 0.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 29,563 shares of the company’s stock worth $1,771,000 after buying an additional 85 shares during the last quarter. Suntrust Banks Inc. increased its stake in Aflac by 10.1% in the fourth quarter. Suntrust Banks Inc. now owns 94,737 shares of the company’s stock worth $5,673,000 after buying an additional 8,691 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Aflac by 1.3% in the fourth quarter. Advantus Capital Management Inc now owns 40,804 shares of the company’s stock worth $2,444,000 after buying an additional 524 shares during the last quarter.
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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