Aflac Incorporated (AFL) Director Douglas Wayne Johnson Sells 1,500 Shares
Aflac Incorporated (NYSE:AFL) Director Douglas Wayne Johnson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the sale, the director now owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Aflac Incorporated (NYSE:AFL) traded up 0.31% during midday trading on Friday, hitting $83.89. 665,545 shares of the stock were exchanged. The stock has a market cap of $33.16 billion, a P/E ratio of 12.68 and a beta of 0.97. The stock’s 50-day moving average price is $81.36 and its 200 day moving average price is $76.68. Aflac Incorporated has a one year low of $66.50 and a one year high of $84.02.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Aflac Incorporated will post $6.69 earnings per share for the current year.
Aflac announced that its board has approved a share repurchase plan on Tuesday, August 8th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s dividend payout ratio is presently 25.94%.
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A number of hedge funds have recently bought and sold shares of the business. Bollard Group LLC lifted its stake in Aflac by 0.6% during the second quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock valued at $182,000 after buying an additional 14 shares in the last quarter. Washington Trust Bank lifted its stake in Aflac by 0.9% during the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after buying an additional 16 shares in the last quarter. Balentine LLC lifted its stake in Aflac by 0.3% during the second quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock valued at $516,000 after buying an additional 18 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Aflac by 0.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock valued at $564,000 after buying an additional 27 shares in the last quarter. Finally, CWM LLC lifted its stake in Aflac by 2.1% during the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after buying an additional 30 shares in the last quarter. 65.63% of the stock is owned by institutional investors.
Several analysts recently commented on AFL shares. Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Barclays PLC raised their price objective on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. Bank of America Corporation upgraded shares of Aflac from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $78.00 in a research note on Tuesday, July 4th. Royal Bank Of Canada reiterated a “sell” rating and issued a $66.00 price objective on shares of Aflac in a research note on Wednesday, July 12th. Finally, FBR & Co restated a “market perform” rating and set a $80.00 target price (up from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Aflac has an average rating of “Hold” and an average price target of $77.41.
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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