AFLAC Director Sells $368,100 in Stock (AFL)
AFLAC (NYSE:AFL) Director David Gary Thompson sold 6,000 shares of AFLAC stock on the open market in a transaction dated Thursday, September 4th. The stock was sold at an average price of $61.35, for a total value of $368,100.00. Following the transaction, the director now directly owns 18,861 shares in the company, valued at approximately $1,157,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AFLAC (NYSE:AFL) traded up 0.26% during mid-day trading on Thursday, hitting $61.24. 1,207,109 shares of the company’s stock traded hands. AFLAC has a 52 week low of $57.76 and a 52 week high of $67.62. The stock’s 50-day moving average is $61.16 and its 200-day moving average is $62.3. The company has a market cap of $27.744 billion and a price-to-earnings ratio of 9.64.
AFLAC (NYSE:AFL) last released its earnings data on Tuesday, July 29th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that AFLAC will post $6.22 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $69.33.
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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