Aflac Incorporated (AFL) Insider James Todd Daniels Sells 620 Shares
Aflac Incorporated (NYSE:AFL) insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the sale, the insider now directly owns 15,454 shares in the company, valued at approximately $1,259,346.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Aflac Incorporated (AFL) opened at 82.23 on Wednesday. The company has a 50-day moving average price of $81.92 and a 200 day moving average price of $77.47. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.51. The stock has a market capitalization of $32.50 billion, a PE ratio of 12.43 and a beta of 0.96.
Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 EPS. Equities analysts forecast that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
Aflac announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
AFL has been the subject of a number of analyst reports. Bank of America Corporation lowered shares of Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Barclays PLC upped their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. FBR & Co reaffirmed a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 price target on shares of Aflac in a research report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.13.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Keybank National Association OH increased its holdings in Aflac by 242.1% during the 2nd quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock worth $9,960,000 after purchasing an additional 90,741 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Aflac by 27.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock valued at $2,156,000 after purchasing an additional 6,383 shares in the last quarter. New Amsterdam Partners LLC NY bought a new stake in Aflac during the 2nd quarter valued at $531,000. Delta Lloyd Asset Management N.V. bought a new stake in Aflac during the 2nd quarter valued at $3,306,000. Finally, Coho Partners Ltd. raised its position in Aflac by 85.3% during the 2nd quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after purchasing an additional 1,006,477 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.
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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