AFLAC (NYSE:AFL) Stock Price Down 5.6%

AFLAC Incorporated (NYSE:AFL)’s share price traded down 5.6% during trading on Wednesday . The stock traded as low as $48.97 and last traded at $48.98, 8,234,807 shares changed hands during mid-day trading. An increase of 156% from the average session volume of 3,212,878 shares. The stock had previously closed at $51.86.

Several equities analysts have commented on the company. Raymond James cut AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target for the company. in a report on Monday, July 29th. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Evercore ISI cut AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a report on Tuesday, July 16th. Barclays cut their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday. Finally, UBS Group cut their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.07.

The firm has a fifty day simple moving average of $53.84 and a 200 day simple moving average of $51.58. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The stock has a market cap of $38.40 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.88 and a beta of 0.71.

AFLAC (NYSE:AFL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the firm posted $1.07 EPS. AFLAC’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that AFLAC Incorporated will post 4.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st will be issued a $0.27 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.23%. AFLAC’s payout ratio is presently 25.96%.

In other AFLAC news, insider June P. Howard sold 4,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.35, for a total transaction of $209,400.00. Following the sale, the insider now owns 64,591 shares of the company’s stock, valued at $3,381,338.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Koji Ariyoshi sold 63,703 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the sale, the vice president now directly owns 49,129 shares in the company, valued at approximately $2,564,533.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,230 shares of company stock valued at $4,357,815. 1.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Moors & Cabot Inc. boosted its holdings in AFLAC by 1.9% in the 2nd quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 191 shares during the period. Corient Capital Partners LLC lifted its holdings in shares of AFLAC by 2.6% during the second quarter. Corient Capital Partners LLC now owns 7,638 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 192 shares during the period. Exeter Financial LLC lifted its holdings in shares of AFLAC by 0.3% during the second quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock worth $4,073,000 after purchasing an additional 197 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of AFLAC by 1.6% during the second quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 200 shares during the period. Finally, Smith Salley & Associates lifted its holdings in shares of AFLAC by 3.2% during the second quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 213 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

AFLAC Company Profile (NYSE:AFL)

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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