Aflac (NYSE:AFL) Director Thomas Kenny Sells 1,740 Shares

Aflac Incorporated (NYSE:AFL) Director Thomas Kenny sold 1,740 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $116.57, for a total transaction of $202,831.80. Following the completion of the transaction, the director owned 13,219 shares of the company’s stock, valued at $1,540,938.83. This represents a 11.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aflac Price Performance

Shares of AFL traded up $1.77 during trading hours on Monday, reaching $118.58. The company had a trading volume of 1,956,647 shares, compared to its average volume of 2,307,726. The company has a market capitalization of $60.35 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.04 and a beta of 0.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32. The firm has a 50 day simple moving average of $111.74 and a 200-day simple moving average of $111.28.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. Research analysts expect that Aflac Incorporated will post 7.12 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, May 20th. Aflac’s dividend payout ratio (DPR) is currently 27.70%.

Hedge Funds Weigh In On Aflac

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares in the last quarter. Bison Wealth LLC raised its position in shares of Aflac by 4.3% in the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 183 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Aflac in the 2nd quarter valued at approximately $280,000. Sei Investments Co. raised its position in shares of Aflac by 11.2% in the 2nd quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Aflac by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of a number of recent research reports. Barclays set a $99.00 price objective on Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 9th. Mizuho set a $104.00 price target on Aflac in a report on Monday, May 4th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, UBS Group lowered their price target on Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus target price of $111.36.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.