Aflac (NYSE:AFL) Director Sells $68,238.00 in Stock

Aflac Incorporated (NYSE:AFL) Director Joseph Moskowitz sold 600 shares of Aflac stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $113.73, for a total value of $68,238.00. Following the sale, the director owned 25,368 shares of the company’s stock, valued at approximately $2,885,102.64. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aflac Stock Down 0.7%

Shares of AFL stock opened at $115.39 on Thursday. The stock’s 50 day simple moving average is $111.57 and its 200 day simple moving average is $111.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.32. The company has a market capitalization of $58.73 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 2.02 and a beta of 0.62.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. As a group, research analysts predict that Aflac Incorporated will post 7.12 EPS for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s dividend payout ratio (DPR) is presently 27.70%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler cut their price objective on Aflac from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays set a $99.00 price objective on Aflac and gave the company an “underweight” rating in a research note on Thursday, April 30th. Keefe, Bruyette & Woods raised their price objective on Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. Finally, Wells Fargo & Company cut their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.36.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Aflac by 64.4% during the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares during the period. Bison Wealth LLC increased its position in shares of Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 183 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Aflac during the second quarter valued at approximately $280,000. Sei Investments Co. increased its position in shares of Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares during the period. Finally, Main Street Financial Solutions LLC increased its position in shares of Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 192 shares during the period. 67.44% of the stock is owned by institutional investors.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.