AFLAC Incorporated (NYSE:AFL) – Equities researchers at Langen Mcalenn lowered their Q2 2018 EPS estimates for AFLAC in a report issued on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $1.93 per share for the quarter, down from their prior estimate of $1.95. Langen Mcalenn also issued estimates for AFLAC’s Q3 2018 earnings at $1.93 EPS.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year.
Shares of AFLAC (AFL) opened at $85.62 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.07 and a current ratio of 0.07. AFLAC has a one year low of $68.63 and a one year high of $91.73. The firm has a market cap of $33,661.13, a P/E ratio of 7.78, a P/E/G ratio of 2.25 and a beta of 1.01.
Several hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of AFLAC during the fourth quarter worth $101,000. Omnia Family Wealth LLC lifted its holdings in shares of AFLAC by 261.9% during the fourth quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares during the period. San Francisco Sentry Investment Group CA lifted its holdings 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 worth $112,000 after purchasing an additional 1,345 shares during the period. Legacy Advisors LLC lifted its holdings in shares of AFLAC by 921.5% during the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares during the period. Finally, Calton & Associates Inc. acquired a new stake in shares of AFLAC during the fourth quarter worth $145,000. 66.16% of the stock is owned by institutional investors and hedge funds.
In other news, COO Masatoshi Koide sold 6,250 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at $2,203,256. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James Todd Daniels sold 1,430 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $87.11, for a total value of $124,567.30. Following the completion of the sale, the vice president now directly owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The disclosure for this sale can be found here. Insiders sold 22,347 shares of company stock valued at $1,962,778 over the last three months. Corporate insiders own 3.00% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be issued a $0.52 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Tuesday, February 20th. AFLAC’s dividend payout ratio is presently 16.35%.
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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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