Aflac Inc. (AFL) Hits New 12-Month High at $74.14
Shares of Aflac Inc. (NYSE:AFL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $74.14 and last traded at $73.96, with a volume of 464,266 shares. The stock had previously closed at $73.70.
AFL has been the subject of a number of research analyst reports. Citigroup Inc. reissued a “buy” rating on shares of Aflac in a research report on Sunday, May 22nd. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 target price for the company in a research report on Monday, June 27th. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, July 26th. FBR & Co reaffirmed a “hold” rating on shares of Aflac in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $69.46.
The stock has a 50-day moving average of $72.97 and a 200 day moving average of $68.09. The stock has a market cap of $30.38 billion and a PE ratio of 12.20.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.03. The company earned $5.44 billion during the quarter, compared to analyst estimates of $5.45 billion. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. On average, equities analysts predict that Aflac Inc. will post $6.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be issued a $0.41 dividend. The ex-dividend date is Monday, August 22nd. This represents a $1.64 annualized dividend and a yield of 2.21%.
In related news, VP Koji Ariyoshi sold 57,413 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $73.20, for a total value of $4,202,631.60. Following the completion of the sale, the vice president now directly owns 15,956 shares in the company, valued at approximately $1,167,979.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Rimer sold 3,650 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $71.74, for a total value of $261,851.00. Following the completion of the sale, the director now owns 15,910 shares of the company’s stock, valued at $1,141,383.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Aflac stock. Schwab Charles Investment Management Inc. increased its stake in Aflac Inc. (NYSE:AFL) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,509,447 shares of the company’s stock after buying an additional 91,573 shares during the period. Schwab Charles Investment Management Inc. owned about 0.36% of Aflac worth $90,416,000 at the end of the most recent 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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