Traders Purchase High Volume of AFLAC Call Options (AFL)
AFLAC Incorporated (NYSE:AFL) was the target of unusually large options trading activity on Friday. Stock investors acquired 7,793 call options on the company. This represents an increase of 1,075% compared to the typical daily volume of 663 call options.
AFLAC (AFL) opened at $86.39 on Wednesday. AFLAC has a fifty-two week low of $66.50 and a fifty-two week high of $91.73. The company has a market cap of $33,960.00, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company earned $1.74 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. equities research analysts predict that AFLAC will post 6.76 EPS for the current year.
AFL has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and issued a $90.00 price objective (up from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $71.00 price objective on shares of AFLAC in a report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.29.
In related news, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares in the company, valued at $3,504,675.09. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Todd Daniels sold 1,430 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the transaction, the vice president now owns 12,708 shares in the company, valued at $1,106,993.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,657 shares of company stock worth $1,988,685. 3.00% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in AFL. Neuberger Berman Group LLC grew its stake in shares of AFLAC by 2.0% in the second quarter. Neuberger Berman Group LLC now owns 49,165 shares of the financial services provider’s stock valued at $3,819,000 after acquiring an additional 977 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of AFLAC by 13.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,140 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 934 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of AFLAC in the second quarter valued at about $999,000. AXA grew its stake in shares of AFLAC by 152.7% in the second quarter. AXA now owns 21,844 shares of the financial services provider’s stock valued at $1,696,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new position in shares of AFLAC in the second quarter valued at about $619,000. Institutional investors and hedge funds own 65.62% of the company’s stock.
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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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