AFLAC Incorporated (NYSE:AFL) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.95 and last traded at $48.89, with a volume of 925909 shares changing hands. The stock had previously closed at $48.27.
Several brokerages have recently issued reports on AFL. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, January 17th. ValuEngine raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Morgan Stanley lowered their target price on AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, November 13th. SunTrust Banks upped their target price on AFLAC to $48.00 and gave the stock a “hold” rating in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. cut AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Wednesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. AFLAC currently has a consensus rating of “Hold” and a consensus target price of $48.42.
The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.25. The stock has a market cap of $36.58 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.33 and a beta of 0.78.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.47 billion. AFLAC had a return on equity of 13.62% and a net margin of 13.42%. On average, analysts predict that AFLAC Incorporated will post 4.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 20th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from AFLAC’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, February 19th. AFLAC’s dividend payout ratio (DPR) is presently 25.00%.
In other AFLAC news, insider James Todd Daniels sold 3,400 shares of the stock in a transaction on Friday, December 21st. The stock was sold at an average price of $44.14, for a total transaction of $150,076.00. Following the completion of the transaction, the insider now directly owns 11,394 shares of the company’s stock, valued at $502,931.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Masatoshi Koide sold 27,120 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $47.71, for a total value of $1,293,895.20. Following the transaction, the insider now directly owns 52,858 shares of the company’s stock, valued at $2,521,855.18. The disclosure for this sale can be found here. Insiders have sold 31,649 shares of company stock valued at $1,493,613 over the last ninety days. 1.70% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of AFL. Financial Advantage Inc. purchased a new stake in AFLAC during the fourth quarter valued at about $29,000. Nelson Roberts Investment Advisors LLC purchased a new position in shares of AFLAC in the fourth quarter worth about $33,000. IMS Capital Management purchased a new position in shares of AFLAC in the third quarter worth about $35,000. Vigilant Capital Management LLC purchased a new position in shares of AFLAC in the fourth quarter worth about $39,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of AFLAC in the fourth quarter worth about $41,000. 67.14% of the stock is owned by hedge funds and other institutional investors.
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AFLAC Company Profile (NYSE:AFL)
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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