Traders Buy Shares of AFLAC (AFL) on Weakness

Traders bought shares of AFLAC Incorporated (NYSE:AFL) on weakness during trading on Thursday. $32.99 million flowed into the stock on the tick-up and $14.64 million flowed out of the stock on the tick-down, for a money net flow of $18.35 million into the stock. Of all stocks tracked, AFLAC had the 26th highest net in-flow for the day. AFLAC traded down ($0.37) for the day and closed at $46.36

AFL has been the topic of a number of recent research reports. Sandler O’Neill restated a “hold” rating and issued a $47.00 target price on shares of AFLAC in a report on Thursday, April 5th. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a report on Monday, June 4th. Wells Fargo & Co set a $48.00 target price on AFLAC and gave the company a “hold” rating in a report on Wednesday, April 25th. JPMorgan Chase & Co. set a $47.00 target price on AFLAC and gave the company a “buy” rating in a report on Thursday, April 26th. Finally, Credit Suisse Group initiated coverage on AFLAC in a report on Wednesday, April 25th. They issued a “neutral” rating and a $49.00 target price on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.54.

The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $36.03 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.38 and a beta of 0.98.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. AFLAC’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. analysts predict that AFLAC Incorporated will post 3.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Wednesday, August 22nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, August 21st. AFLAC’s payout ratio is 30.59%.

In related news, insider Eric M. Kirsch sold 66,447 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $43.31, for a total transaction of $2,877,819.57. Following the completion of the sale, the insider now directly owns 128,796 shares of the company’s stock, valued at $5,578,154.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of AFLAC by 105.9% during the first quarter. BlackRock Inc. now owns 51,061,717 shares of the financial services provider’s stock valued at $2,234,459,000 after acquiring an additional 26,264,017 shares during the last quarter. Northern Trust Corp increased its position in AFLAC by 96.3% in the first quarter. Northern Trust Corp now owns 10,631,066 shares of the financial services provider’s stock worth $465,215,000 after buying an additional 5,215,905 shares during the last quarter. Dimensional Fund Advisors LP increased its position in AFLAC by 98.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,240,111 shares of the financial services provider’s stock worth $273,050,000 after buying an additional 3,103,311 shares during the last quarter. LSV Asset Management increased its position in AFLAC by 111.3% in the first quarter. LSV Asset Management now owns 6,070,376 shares of the financial services provider’s stock worth $265,639,000 after buying an additional 3,196,878 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in AFLAC by 100.2% in the first quarter. Franklin Resources Inc. now owns 5,887,880 shares of the financial services provider’s stock worth $257,653,000 after buying an additional 2,947,089 shares during the last quarter. 67.97% of the stock is owned by institutional investors.

AFLAC Company Profile

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.

Read More: Should I invest in “strong buy” stocks?

Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply