Traders purchased shares of AFLAC Incorporated (NYSE:AFL) on weakness during trading hours on Friday. $332.00 million flowed into the stock on the tick-up and $287.96 million flowed out of the stock on the tick-down, for a money net flow of $44.04 million into the stock. Of all companies tracked, AFLAC had the 17th highest net in-flow for the day. AFLAC traded down ($6.75) for the day and closed at $84.94
A number of research firms recently issued reports on AFL. Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Finally, Goldman Sachs Group began coverage on AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target for the company. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $80.29.
The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $33,394.16, a PE ratio of 12.60, a P/E/G ratio of 2.43 and a beta of 1.02.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.07. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. analysts anticipate that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
In other news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief operating officer now directly owns 25,037 shares in the company, valued at approximately $2,203,256. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,657 shares of company stock valued at $1,988,685. Corporate insiders own 3.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of AFLAC by 1.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 167,380 shares of the financial services provider’s stock worth $14,693,000 after buying an additional 2,313 shares during the period. Sawyer & Company Inc acquired a new position in shares of AFLAC during the 4th quarter worth about $1,151,000. Rockland Trust Co. grew its position in shares of AFLAC by 13.0% during the 4th quarter. Rockland Trust Co. now owns 10,548 shares of the financial services provider’s stock worth $926,000 after buying an additional 1,214 shares during the period. American National Bank grew its position in shares of AFLAC by 3.3% during the 4th quarter. American National Bank now owns 84,330 shares of the financial services provider’s stock worth $7,403,000 after buying an additional 2,682 shares during the period. Finally, Franklin Street Advisors Inc. NC grew its position in shares of AFLAC by 4.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 39,682 shares of the financial services provider’s stock worth $3,483,000 after buying an additional 1,570 shares during the period. Institutional investors own 65.63% of the company’s stock.
AFLAC Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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