Aflac Incorporated (NYSE:AFL) – Analysts at Langen Mcalenn raised their Q2 2018 earnings per share (EPS) estimates for Aflac in a research note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings per share of $1.74 for the quarter, up from their prior estimate of $1.69. Langen Mcalenn also issued estimates for Aflac’s Q3 2018 earnings at $1.74 EPS.
AFL has been the topic of a number of other research reports. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $77.50 price objective on the stock in a report on Tuesday, April 18th. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Monday, April 17th. Barclays PLC increased their price objective on Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Deutsche Bank AG increased their price objective on Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, FBR & Co restated a “market perform” rating and issued a $80.00 price objective (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.54.
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Aflac (AFL) traded up 1.1052% during midday trading on Tuesday, reaching $80.6314. 856,530 shares of the company were exchanged. Aflac has a 52-week low of $66.50 and a 52-week high of $80.73. The firm’s 50-day moving average price is $77.96 and its 200 day moving average price is $73.93. The stock has a market capitalization of $31.93 billion, a price-to-earnings ratio of 12.1910 and a beta of 0.99.
Aflac (NYSE:AFL) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. Aflac’s revenue was down .2% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be given a $0.43 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.72 annualized dividend and a yield of 2.16%. Aflac’s dividend payout ratio (DPR) is currently 25.94%.
In other Aflac news, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction on Monday, June 12th. The stock was sold at an average price of $77.40, for a total transaction of $17,251,608.60. Following the completion of the transaction, the insider now directly owns 329,540 shares of the company’s stock, valued at $25,506,396. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of $77.01 per share, with a total value of $77,010.00. Following the completion of the acquisition, the director now owns 7,253 shares of the company’s stock, valued at approximately $558,553.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 236,703 shares of company stock valued at $18,328,514. 3.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares in the last quarter. Bollard Group LLC boosted its position in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock worth $168,000 after buying an additional 14 shares in the last quarter. Washington Trust Bank boosted its position in Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Aflac by 0.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock worth $564,000 after buying an additional 27 shares in the last quarter. Finally, CWM LLC boosted its position in Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 30 shares in the last quarter. 64.46% of the stock is owned by institutional investors and hedge funds.
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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