The Investors Sell Shares of Aflac Incorporated (AFL) on Strength (AFL)

The Investors Sell Shares of Aflac Incorporated (AFL) on Strength (AFL)

Several equities analysts have recently issued reports on AFL shares. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 price target for the company in a report on Tuesday, April 18th. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, April 17th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays PLC boosted their price target on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Deutsche Bank AG boosted their price target on shares of Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.95.

Traders sold shares of Aflac Incorporated (NYSE:AFL) on strength during trading hours on Monday. $16.22 million flowed into the stock on the tick-up and $77.50 million flowed out of the stock on the tick-down, for a money net flow of $61.28 million out of the stock. Of all stocks tracked, Aflac had the 0th highest net out-flow for the day. Aflac traded up $0.37 for the day and closed at $79.75

The firm has a 50-day moving average price of $78.05 and a 200 day moving average price of $74.01. The company has a market capitalization of $32.03 billion, a PE ratio of 12.23 and a beta of 0.99.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post $6.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 25.94%.

In other news, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total transaction of $882,605.14. Following the completion of the transaction, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karole Lloyd acquired 1,000 shares of Aflac stock in a transaction dated Monday, June 12th. The shares were acquired at an average price of $77.01 per share, with a total value of $77,010.00. Following the completion of the acquisition, the director now directly owns 7,253 shares of the company’s stock, valued at $558,553.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 236,703 shares of company stock valued at $18,328,514. Insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Aflac by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 68,573 shares of the financial services provider’s stock worth $4,966,000 after buying an additional 277 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Aflac by 2.6% in the first quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 2,237 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aflac during the first quarter worth about $446,000. Trust Co. of Vermont boosted its position in shares of Aflac by 0.5% in the first quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 92 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Aflac by 27.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock worth $2,156,000 after buying an additional 6,383 shares in the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.

About Aflac

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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