Aflac (NYSE:AFL) EVP Steven Kent Beaver Sells 5,508 Shares of Stock

Aflac Incorporated (NYSE:AFL) EVP Steven Kent Beaver sold 5,508 shares of Aflac stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.81, for a total transaction of $648,897.48. Following the completion of the sale, the executive vice president directly owned 40,537 shares of the company’s stock, valued at approximately $4,775,663.97. This trade represents a 11.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Aflac Trading Down 1.7%

NYSE:AFL opened at $114.81 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a market cap of $58.43 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.05 and a beta of 0.62. The company has a 50 day simple moving average of $112.93 and a two-hundred day simple moving average of $111.79.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $1.66 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Research analysts forecast that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP purchased a new position in shares of Aflac during the 4th quarter valued at $25,000. Groupe la Francaise purchased a new stake in shares of Aflac during the 1st quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Aflac during the 1st quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new position in Aflac during the 4th quarter valued at about $29,000. Finally, Evergreen Advisors LLC bought a new position in Aflac during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of a number of recent research reports. Mizuho set a $104.00 price objective on shares of Aflac in a research report on Monday, May 4th. Evercore raised shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Weiss Ratings raised shares of Aflac from a “buy (b-)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. Wells Fargo & Company cut their price objective on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Aflac has a consensus rating of “Hold” and a consensus target price of $112.27.

About Aflac

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.