AFLAC (AFL) Sets New 12-Month High at $89.09

Shares of AFLAC Incorporated (NYSE:AFL) hit a new 52-week high on Tuesday . The company traded as high as $89.09 and last traded at $88.48, with a volume of 1169300 shares changing hands. The stock had previously closed at $88.16.

AFL has been the subject of a number of research reports. Bank of America lowered AFLAC from a “neutral” rating to an “underperform” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, September 5th. Royal Bank of Canada restated a “sell” rating and issued a $71.00 target price on shares of AFLAC in a research note on Tuesday, October 10th. UBS restated an “overweight” rating on shares of AFLAC in a research note on Thursday, August 24th. Finally, B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. AFLAC currently has a consensus rating of “Hold” and an average target price of $79.79.

The stock has a market cap of $34,660.07, a price-to-earnings ratio of 13.08, a PEG ratio of 2.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.

AFLAC (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. equities analysts expect that AFLAC Incorporated will post 6.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. This is a boost from AFLAC’s previous quarterly dividend of $0.43. AFLAC’s dividend payout ratio (DPR) is 26.09%.

In other AFLAC news, President Kriss Cloninger III sold 6,057 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $87.73, for a total transaction of $531,380.61. Following the transaction, the president now owns 241,099 shares in the company, valued at $21,151,615.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $81.49, for a total value of $50,523.80. Following the transaction, the insider now owns 15,454 shares in the company, valued at approximately $1,259,346.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,766 shares of company stock worth $2,936,060. Company insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Balentine LLC lifted its holdings in shares of AFLAC by 0.3% during the 2nd quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 18 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of AFLAC by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 49 shares in the last quarter. Sii Investments Inc. WI lifted its holdings in shares of AFLAC by 0.4% during the 2nd quarter. Sii Investments Inc. WI now owns 25,496 shares of the financial services provider’s stock valued at $2,008,000 after purchasing an additional 89 shares in the last quarter. Willingdon Wealth Management lifted its holdings in shares of AFLAC by 0.9% during the 2nd quarter. Willingdon Wealth Management now owns 13,761 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 120 shares in the last quarter. Finally, Elgethun Capital Management lifted its holdings in shares of AFLAC by 0.4% during the 2nd quarter. Elgethun Capital Management now owns 28,335 shares of the financial services provider’s stock valued at $2,201,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 65.75% 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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