Aflac Incorporated (NYSE:AFL) President Sells $283,710.00 in Stock
Aflac Incorporated (NYSE:AFL) President Kriss Cloninger III sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the sale, the president now directly owns 253,196 shares in the company, valued at $20,524,067.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kriss Cloninger III also recently made the following trade(s):
- On Thursday, June 15th, Kriss Cloninger III sold 2,500 shares of Aflac stock. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00.
Shares of Aflac Incorporated (AFL) traded down 0.05% on Monday, reaching $81.12. 345,234 shares of the company traded hands. Aflac Incorporated has a one year low of $66.50 and a one year high of $81.55. The stock’s 50 day moving average price is $78.05 and its 200-day moving average price is $74.01. The stock has a market capitalization of $32.12 billion, a P/E ratio of 12.26 and a beta of 0.99.
Aflac (NYSE:AFL) last released 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. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share. Equities analysts forecast that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 25.94%.
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Several hedge funds have recently made changes to their positions in AFL. ProVise Management Group LLC acquired a new stake in shares of Aflac during the second quarter worth approximately $214,000. Aviva PLC boosted its stake in shares of Aflac by 0.6% in the second quarter. Aviva PLC now owns 245,583 shares of the financial services provider’s stock worth $19,082,000 after buying an additional 1,400 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Aflac by 24.6% in the second quarter. Victory Capital Management Inc. now owns 3,342,468 shares of the financial services provider’s stock worth $259,643,000 after buying an additional 660,364 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Aflac during the second quarter worth approximately $985,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Aflac by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,211,269 shares of the financial services provider’s stock worth $94,091,000 after buying an additional 14,155 shares during the period. Hedge funds and other institutional investors own 64.64% of the company’s stock.
A number of research firms have weighed in on AFL. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Friday, June 2nd. Royal Bank Of Canada reissued an “underperform” rating and set a $66.00 target price (up from $62.00) on shares of Aflac in a report on Monday, May 1st. FBR & Co reissued a “market perform” rating and set a $80.00 target price (up from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Barclays PLC boosted their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Finally, Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 target price on the stock in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.95.
Aflac Company Profile
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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