AFLAC Target of Unusually Large Options Trading (NYSE:AFL)

AFLAC Incorporated (NYSE:AFL) was the target of unusually large options trading activity on Monday. Stock investors purchased 19,288 put options on the stock. This is an increase of approximately 3,433% compared to the typical daily volume of 546 put options.

Shares of NYSE:AFL opened at $52.90 on Tuesday. The firm’s 50 day moving average price is $51.90 and its 200 day moving average price is $52.26. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. AFLAC has a fifty-two week low of $41.45 and a fifty-two week high of $57.18. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22.

AFLAC (NYSE:AFL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.46 billion. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that AFLAC will post 4.36 EPS for the current year.

AFL has been the topic of several research reports. Evercore ISI cut shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target on the stock. in a research report on Tuesday, July 16th. Raymond James cut shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a research report on Monday, July 29th. Barclays reduced their price target on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Morgan Stanley increased their price target on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. AFLAC currently has an average rating of “Hold” and a consensus target price of $53.62.

In other news, Director Barbara K. Rimer sold 4,728 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $53.74, for a total transaction of $254,082.72. Following the sale, the director now owns 32,448 shares of the company’s stock, valued at $1,743,755.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Todd Daniels sold 5,552 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $52.98, for a total transaction of $294,144.96. Following the sale, the insider now directly owns 20,101 shares in the company, valued at approximately $1,064,950.98. The disclosure for this sale can be found here. Insiders have sold 15,780 shares of company stock worth $835,628 in the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AFL. Amundi Pioneer Asset Management Inc. raised its holdings in AFLAC by 62.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 967,493 shares of the financial services provider’s stock worth $48,375,000 after purchasing an additional 372,537 shares in the last quarter. Private Trust Co. NA acquired a new stake in AFLAC during the second quarter worth approximately $217,000. Rockland Trust Co. raised its holdings in AFLAC by 10.6% during the second quarter. Rockland Trust Co. now owns 19,291 shares of the financial services provider’s stock worth $1,057,000 after purchasing an additional 1,855 shares in the last quarter. Farmers Trust Co. acquired a new stake in AFLAC during the second quarter worth approximately $217,000. Finally, Smithbridge Asset Management Inc. DE raised its holdings in AFLAC by 16.0% during the second quarter. Smithbridge Asset Management Inc. DE now owns 19,606 shares of the financial services provider’s stock worth $1,075,000 after purchasing an additional 2,700 shares in the last quarter. 64.27% of the stock is currently owned by institutional investors.

About AFLAC

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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