Aflac Incorporated (NYSE:AFL) – Analysts at Langen Mcalenn lifted their Q3 2017 earnings estimates for shares of Aflac in a research report issued on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $1.66 per share for the quarter, up from their prior forecast of $1.65. Langen Mcalenn also issued estimates for Aflac’s Q4 2017 earnings at $1.58 EPS, FY2017 earnings at $6.75 EPS, Q1 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.69 EPS and FY2018 earnings at $6.85 EPS.
Several other analysts also recently commented on the stock. ValuEngine upgraded shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub downgraded shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday. FBR & Co reiterated a “market perform” rating and issued a $80.00 target price (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “sell” rating and issued a $66.00 target price on shares of Aflac in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $75.95.
Shares of Aflac (NYSE:AFL) opened at 80.89 on Wednesday. Aflac has a one year low of $66.50 and a one year high of $80.94. The company has a market cap of $32.03 billion, a P/E ratio of 12.23 and a beta of 0.99. The company’s 50 day moving average is $78.05 and its 200 day moving average is $74.01.
Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS.
Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Aflac by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 68,573 shares of the financial services provider’s stock worth $4,966,000 after buying an additional 277 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Aflac by 2.6% in the first quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 2,237 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aflac during the first quarter worth $446,000. Trust Co. of Vermont raised its position in shares of Aflac by 0.5% in the first quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 92 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Aflac by 27.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock worth $2,156,000 after buying an additional 6,383 shares in the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.
In other Aflac news, Director Karole Lloyd bought 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was purchased at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the transaction, the director now directly owns 7,253 shares of the company’s stock, valued at $558,553.53. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, President Kriss Cloninger III sold 2,500 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the transaction, the president now owns 241,646 shares of the company’s stock, valued at approximately $18,780,727.12. The disclosure for this sale can be found here. Insiders have sold 236,703 shares of company stock valued at $18,328,514 in the last quarter. Company insiders own 3.00% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.43 per share. The ex-dividend date is Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.13%. Aflac’s dividend payout ratio is presently 25.94%.
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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