Insider Selling: AFLAC Incorporated (AFL) President Sells 6,057 Shares of Stock
AFLAC Incorporated (NYSE:AFL) President Kriss Cloninger III sold 6,057 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $87.73, for a total value of $531,380.61. Following the completion of the sale, the president now owns 241,099 shares in the company, valued at $21,151,615.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kriss Cloninger III also recently made the following trade(s):
- On Thursday, September 21st, Kriss Cloninger III sold 25,000 shares of AFLAC stock. The stock was sold at an average price of $83.83, for a total value of $2,095,750.00.
Shares of AFLAC Incorporated (AFL) traded down $0.30 during mid-day trading on Wednesday, reaching $87.84. The company’s stock had a trading volume of 1,619,300 shares, compared to its average volume of 1,781,219. AFLAC Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $88.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $34,652.21, a P/E ratio of 13.08, a PEG ratio of 2.61 and a beta of 1.02.
AFLAC announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 8th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 14th. This is an increase from AFLAC’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. AFLAC’s dividend payout ratio is 26.09%.
A number of equities research analysts recently commented on AFL shares. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Tuesday, September 5th. Barclays boosted their target price on AFLAC from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “hold” rating and issued a $82.00 target price on shares of AFLAC in a research report on Thursday, September 28th. Goldman Sachs Group started coverage on AFLAC in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price on the stock. Finally, B. Riley reiterated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. AFLAC has an average rating of “Hold” and an average price target of $79.79.
A number of hedge funds have recently modified their holdings of the business. Atwood & Palmer Inc. grew its stake in shares of AFLAC by 320.5% during the second quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,000 shares during the last quarter. San Francisco Sentry Investment Group CA grew its stake in shares of AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,345 shares during the last quarter. Capital Analysts LLC bought a new position in shares of AFLAC during the second quarter valued at approximately $131,000. ClariVest Asset Management LLC bought a new position in shares of AFLAC during the second quarter valued at approximately $150,000. Finally, Harfst & Associates Inc. grew its stake in shares of AFLAC by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 65.42% of the company’s stock.
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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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