Insider Selling: Aflac Incorporated (NYSE:AFL) Director Sells 1,000 Shares of Stock

Aflac Incorporated (NYSE:AFL - Get Free Report) Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $106.79, for a total value of $106,790.00. Following the completion of the transaction, the director now owns 26,096 shares of the company's stock, valued at approximately $2,786,791.84. The trade was a 3.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Aflac Stock Up 1.1%

Shares of AFL stock traded up $1.18 on Friday, hitting $106.96. The company's stock had a trading volume of 3,427,209 shares, compared to its average volume of 2,114,090. The stock has a market capitalization of $57.83 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 3.24 and a beta of 0.84. Aflac Incorporated has a fifty-two week low of $86.46 and a fifty-two week high of $115.50. The firm's fifty day moving average price is $107.00 and its 200-day moving average price is $106.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08.

Aflac (NYSE:AFL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.01). The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $4.53 billion. Aflac had a return on equity of 16.20% and a net margin of 28.76%. The business's revenue was down 37.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. Research analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Aflac's dividend payout ratio (DPR) is presently 36.25%.

Institutional Trading of Aflac

Several hedge funds have recently modified their holdings of AFL. NorthRock Partners LLC boosted its stake in Aflac by 1.5% in the first quarter. NorthRock Partners LLC now owns 6,519 shares of the financial services provider's stock worth $725,000 after purchasing an additional 95 shares in the last quarter. Valued Wealth Advisors LLC grew its holdings in Aflac by 24.4% during the 1st quarter. Valued Wealth Advisors LLC now owns 495 shares of the financial services provider's stock worth $55,000 after acquiring an additional 97 shares during the last quarter. Private Trust Co. NA increased its position in Aflac by 1.3% in the 4th quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider's stock valued at $791,000 after acquiring an additional 99 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider's stock worth $662,000 after acquiring an additional 100 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider's stock worth $55,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Piper Sandler raised their target price on Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of Aflac in a research report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price target for the company. Morgan Stanley reduced their price target on Aflac from $105.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their target price on Aflac from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $104.21.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.