AFLAC Incorporated (NYSE:AFL) COO Frederick John Crawford bought 25,000 shares of AFLAC stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $717,250.00. Following the completion of the purchase, the chief operating officer now directly owns 247,828 shares of the company’s stock, valued at approximately $7,110,185.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE AFL opened at $35.77 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.23. AFLAC Incorporated has a twelve month low of $23.07 and a twelve month high of $57.18. The firm has a market capitalization of $21.03 billion, a PE ratio of 8.09, a P/E/G ratio of 1.93 and a beta of 0.78. The stock’s 50 day moving average is $42.84 and its 200 day moving average is $50.33.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. AFLAC had a return on equity of 11.76% and a net margin of 14.81%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that AFLAC Incorporated will post 4.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 19th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from AFLAC’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.13%. AFLAC’s payout ratio is currently 25.23%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. Japan Post Holdings Co. Ltd. bought a new stake in shares of AFLAC during the fourth quarter valued at approximately $2,512,857,000. Norges Bank bought a new stake in shares of AFLAC during the fourth quarter valued at approximately $350,139,000. Rockefeller Capital Management L.P. boosted its position in shares of AFLAC by 7,240.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,738,002 shares of the financial services provider’s stock valued at $91,940,000 after purchasing an additional 1,714,326 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of AFLAC by 246.1% during the fourth quarter. Schroder Investment Management Group now owns 2,401,288 shares of the financial services provider’s stock valued at $127,028,000 after purchasing an additional 1,707,466 shares in the last quarter. Finally, Wealth Quarterback LLC bought a new stake in shares of AFLAC during the fourth quarter valued at approximately $105,510,000. Institutional investors own 69.60% of the company’s stock.
AFL has been the topic of several research analyst reports. JPMorgan Chase & Co. cut AFLAC from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 2nd. Raymond James reduced their target price on AFLAC from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. ValuEngine raised AFLAC from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 29th. TheStreet cut AFLAC from a “b-” rating to a “c+” rating in a research note on Friday, March 20th. Finally, Morgan Stanley reduced their target price on AFLAC from $54.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. AFLAC presently has an average rating of “Hold” and a consensus target price of $49.95.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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