Insider Selling: Aflac Inc. (AFL) Insider Sells $1,385,916.00 in Stock
Aflac Inc. (NYSE:AFL) insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the sale, the insider now owns 43,087 shares in the company, valued at approximately $3,166,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Aflac Inc. (NYSE:AFL) opened at 72.02 on Tuesday. The stock has a 50 day moving average of $72.78 and a 200-day moving average of $69.27. The firm has a market capitalization of $29.50 billion, a PE ratio of 11.84 and a beta of 1.30. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. Aflac’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. Equities analysts anticipate that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $1.64 annualized dividend and a yield of 2.28%. Aflac’s dividend payout ratio (DPR) is currently 26.93%.
AFL has been the topic of a number of recent analyst reports. Sandler O’Neill lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. FBR & Co lowered shares of Aflac from an “outperform” rating to a “market perform” rating and set a $68.00 price target on the stock. in a report on Thursday, May 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price target on the stock in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Aflac has an average rating of “Hold” and a consensus target price of $69.46.
A number of hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in shares of Aflac by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 3,266 shares of the company’s stock valued at $236,000 after buying an additional 19 shares during the period. Palisade Capital Management LLC NJ increased its stake in shares of Aflac by 0.6% in the second quarter. Palisade Capital Management LLC NJ now owns 5,430 shares of the company’s stock valued at $392,000 after buying an additional 30 shares during the period. Haverford Trust Co. increased its stake in shares of Aflac by 0.3% in the second quarter. Haverford Trust Co. now owns 10,722 shares of the company’s stock valued at $774,000 after buying an additional 35 shares during the period. Associated Banc Corp increased its stake in shares of Aflac by 0.5% in the second quarter. Associated Banc Corp now owns 6,640 shares of the company’s stock valued at $479,000 after buying an additional 36 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Aflac by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,260 shares of the company’s stock valued at $1,030,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 62.75% of the company’s stock.
Aflac Company Profile
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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