Insider Selling: Barbara K. Rimer Unloads 4,000 Shares of AFLAC Stock (AFL)
AFLAC (NYSE:AFL) Director Barbara K. Rimer unloaded 4,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $62.69, for a total transaction of $250,760.00. Following the transaction, the director now directly owns 7,540 shares in the company, valued at approximately $472,683. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of AFLAC (NYSE:AFL) traded up 0.35% during mid-day trading on Tuesday, hitting $62.515. The stock had a trading volume of 578,140 shares. AFLAC has a one year low of $48.51 and a one year high of $67.62. The stock’s 50-day moving average is $63.22 and its 200-day moving average is $63.65. The company has a market cap of $28.720 billion and a price-to-earnings ratio of 9.22.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company posted $1.48 earnings per share. AFLAC’s revenue was down 9.0% compared to the same quarter last year. On average, analysts predict that AFLAC will post $6.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of analysts have recently weighed in on AFL shares. Analysts at Deutsche Bank downgraded shares of AFLAC to a “buy” rating in a research note on Monday, February 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note on Friday, February 7th. They now have a $65.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of AFLAC from $73.00 to $78.00 in a research note on Tuesday, January 7th. They now have an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.84.
Aflac Incorporated (NYSE:AFL) is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services.
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