Traders Sell Aflac Inc. (AFL) on Strength (AFL)
Traders sold shares of Aflac Inc. (NYSE:AFL) on strength during trading hours on Monday. $18.13 million flowed into the stock on the tick-up and $49.89 million flowed out of the stock on the tick-down, for a money net flow of $31.76 million out of the stock. Of all companies tracked, Aflac had the 0th highest net out-flow for the day. Aflac traded up $0.17 for the day and closed at $72.66
Several equities analysts recently weighed in on the company. Evercore ISI assumed coverage on Aflac in a research note on Wednesday, July 6th. They issued a “sell” rating and a $63.00 price target for the company. Deutsche Bank AG lifted their price target on Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. restated a “hold” rating on shares of Aflac in a research note on Wednesday, July 6th. FBR & Co lowered Aflac from an “outperform” rating to a “market perform” rating and set a $68.00 price target for the company. in a research note on Thursday, May 26th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.46.
The firm has a market cap of $30.08 billion and a PE ratio of 11.96. The company’s 50-day moving average price is $69.92 and its 200-day moving average price is $64.18.
Aflac (NYSE:AFL) last posted its earnings results on Tuesday, April 26th. The company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.10. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.24 billion. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, equities analysts anticipate that Aflac Inc. will post $6.70 EPS for the current fiscal year.
In other Aflac news, VP Robin Y. Wilkey sold 3,065 shares of the business’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $70.23, for a total value of $215,254.95. Following the transaction, the vice president now owns 14,299 shares in the company, valued at approximately $1,004,218.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Wayne Johnson sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $69.33, for a total transaction of $207,990.00. Following the completion of the transaction, the director now owns 15,003 shares in the company, valued at approximately $1,040,157.99. The disclosure for this sale can be found here.
Other institutional investors have recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of 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 in the last quarter. Pittenger & Anderson Inc. raised its position in shares of 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 in the last quarter. Parsons Capital Management Inc. RI raised its position in shares of 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 in the last quarter. Suntrust Banks Inc. raised its position in shares of 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 in the last quarter. Finally, Advantus Capital Management Inc raised its position in shares of 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 in 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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