Insider Selling: AFLAC EVP Unloads 10,000 Shares of Stock (AFL)
AFLAC (NYSE:AFL) EVP Audrey B. Tillman sold 10,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $60.07, for a total transaction of $600,700.00. Following the transaction, the executive vice president now directly owns 24,130 shares in the company, valued at approximately $1,449,489. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on AFL. Analysts at Raymond James cut their price target on shares of AFLAC from $73.00 to $70.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of AFLAC in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock, down previously from $69.00. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of AFLAC from $71.00 to $70.00 in a research note on Thursday, July 31st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.33.
Shares of AFLAC (NYSE:AFL) traded down 0.23% during mid-day trading on Thursday, hitting $60.79. The stock had a trading volume of 731,100 shares. AFLAC has a 1-year low of $57.36 and a 1-year high of $67.62. The stock has a 50-day moving average of $61.62 and a 200-day moving average of $62.44. The company has a market cap of $27.541 billion and a P/E ratio of 9.62.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.59 by $0.07. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter last year, the company posted $1.62 earnings per share. AFLAC’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that AFLAC will post $6.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, August 18th.
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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