Aflac Inc. (AFL) Sets New 1-Year High at $74.14
Aflac Inc. (NYSE:AFL) hit 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 changing hands. The stock had previously closed at $73.70.
A number of equities research analysts have issued reports on AFL shares. Citigroup Inc. reaffirmed a “buy” rating on shares of Aflac in a report on Sunday, May 22nd. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price objective for the company in a 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 report on Tuesday, July 26th. FBR & Co reissued a “hold” rating on shares of Aflac in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued 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 assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.46.
The company has a market cap of $30.29 billion and a P/E ratio of 12.163. The stock’s 50-day moving average is $72.90 and its 200-day moving average is $67.92.
Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.03. The company earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Aflac Inc. will post $6.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, August 22nd.
In other news, VP Koji Ariyoshi sold 57,413 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $73.20, for a total transaction of $4,202,631.60. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Teresa L. White sold 8,976 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $69.80, for a total value of $626,524.80. Following the transaction, the insider now owns 33,509 shares of the company’s stock, valued at $2,338,928.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Aflac stock. Schwab Charles Investment Management Inc. raised its position in Aflac Inc. (NYSE:AFL) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 approximately 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.