Aflac Incorporated (NYSE:AFL) Director Elizabeth J. Hudson sold 1,279 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.76, for a total value of $107,129.04. Following the transaction, the director now directly owns 11,075 shares in the company, valued at approximately $927,642. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aflac Incorporated (NYSE AFL) traded up 0.37% during midday trading on Friday, hitting $83.94. The company had a trading volume of 1,140,675 shares. The firm has a market cap of $33.18 billion, a price-to-earnings ratio of 12.69 and a beta of 0.97. The stock has a 50 day moving average of $81.36 and a 200 day moving average of $76.68. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $84.05.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business’s revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Aflac Incorporated will post $6.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s dividend payout ratio (DPR) is 25.94%.

Aflac declared that its Board of Directors has authorized a stock repurchase program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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AFL has been the topic of a number of recent research reports. Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Bank of America Corporation raised Aflac from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $78.00 in a research note on Tuesday, July 4th. BidaskClub lowered Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC boosted their price objective on Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $77.41.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bollard Group LLC raised its position in shares of Aflac by 0.6% in the 2nd quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock worth $182,000 after buying an additional 14 shares during the period. Washington Trust Bank raised its position in shares of Aflac by 0.9% in the 2nd 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 during the period. Balentine LLC raised its position in shares of Aflac by 0.3% in the 2nd quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock worth $516,000 after buying an additional 18 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Aflac by 0.4% in the 2nd 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 during the period. Finally, CWM LLC raised its position in shares of Aflac by 2.1% in the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 30 shares during the period. 65.63% of the stock is currently owned by institutional investors and hedge funds.

About Aflac

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.

Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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