Langen Mcalenn Weighs in on AFLAC Incorporated’s Q2 2018 Earnings (AFL)
AFLAC Incorporated (NYSE:AFL) – Investment analysts at Langen Mcalenn cut their Q2 2018 earnings per share (EPS) estimates for AFLAC in a research note issued on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings per share of $1.93 for the quarter, down from their prior forecast of $1.95. Langen Mcalenn also issued estimates for AFLAC’s Q3 2018 earnings at $1.93 EPS.
Other equities analysts have also issued research reports about the company. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $84.00) on shares of AFLAC in a research note on Tuesday, January 9th. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $88.00 to $100.00 in a research note on Monday, January 22nd. Goldman Sachs Group began coverage on AFLAC in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target on the stock. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Finally, Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. AFLAC presently has a consensus rating of “Hold” and an average target price of $83.88.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.05. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 21st will be paid a dividend of $0.52 per share. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 annualized dividend and a yield of 2.47%. AFLAC’s dividend payout ratio is presently 16.35%.
In related news, President Kriss Cloninger III sold 6,057 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $87.73, for a total transaction of $531,380.61. Following the transaction, the president now owns 241,099 shares of the company’s stock, valued at approximately $21,151,615.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Masatoshi Koide sold 6,250 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now directly owns 25,037 shares in the company, valued at approximately $2,203,256. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,347 shares of company stock worth $1,962,778. 3.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in AFLAC by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 49 shares in the last quarter. Cookson Peirce & Co. Inc. raised its position in AFLAC by 3.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 8,915 shares of the financial services provider’s stock valued at $693,000 after purchasing an additional 260 shares in the last quarter. North Star Asset Management Inc. raised its position in AFLAC by 0.7% in the 2nd quarter. North Star Asset Management Inc. now owns 58,802 shares of the financial services provider’s stock valued at $4,568,000 after purchasing an additional 395 shares in the last quarter. Mutual of America Capital Management LLC raised its position in AFLAC by 1.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 48,300 shares of the financial services provider’s stock valued at $4,240,000 after purchasing an additional 585 shares in the last quarter. Finally, Intrust Bank NA raised its position in AFLAC by 4.8% in the 3rd quarter. Intrust Bank NA now owns 13,404 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 617 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
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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