Kriss Cloninger III Sells 3,500 Shares of Aflac Incorporated (NYSE:AFL) Stock
Aflac Incorporated (NYSE:AFL) President Kriss Cloninger III sold 3,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the transaction, the president now directly owns 253,196 shares of the company’s stock, valued at approximately $20,524,067.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kriss Cloninger III also recently made the following trade(s):
- On Thursday, June 15th, Kriss Cloninger III sold 2,500 shares of Aflac stock. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00.
Aflac Incorporated (NYSE AFL) opened at 81.10 on Tuesday. The stock’s 50 day moving average is $78.05 and its 200-day moving average is $74.01. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of 12.26 and a beta of 0.99. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $81.55.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.20. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. Aflac’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 EPS. On average, analysts anticipate that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s dividend payout ratio is presently 25.94%.
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AFL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Monday, April 17th. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 target price for the company in a research report on Tuesday, April 18th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC boosted their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Monday, July 3rd. Finally, Deutsche Bank AG boosted their target price on shares of Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $75.95.
Hedge funds have recently bought and sold shares of the company. CWM LLC boosted its stake in Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock worth $101,000 after buying an additional 100 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Aflac during the first quarter worth about $128,000. Washington Trust Bank boosted its stake in Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Aflac during the second quarter worth about $150,000. Finally, Quadrant Capital Group LLC boosted its stake in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares in the last quarter. Institutional investors own 64.64% of the company’s stock.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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