Aflac Incorporated (NYSE:AFL) EVP Sells $2,558,529.60 in Stock

Aflac Incorporated (NYSE:AFL) EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Aflac Price Performance

Shares of AFL stock opened at $103.44 on Thursday. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The firm has a market capitalization of $57.46 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.09 and a beta of 0.97. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $107.50 and a 200-day moving average of $104.18.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $1.84 EPS. The firm’s revenue was down 40.4% on a year-over-year basis. On average, equities research analysts forecast that Aflac Incorporated will post 7.27 earnings per share for the current year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a $0.58 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, February 19th. Aflac’s payout ratio is currently 34.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on AFL shares. StockNews.com lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler raised their price target on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial raised their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Aflac to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, TD Cowen started coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac presently has a consensus rating of “Hold” and a consensus target price of $98.73.

Institutional Investors Weigh In On Aflac

Institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new stake in Aflac in the 2nd quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in Aflac in the 3rd quarter valued at $34,000. Raelipskie Partnership bought a new stake in Aflac in the 3rd quarter valued at $38,000. Covestor Ltd lifted its position in Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 107 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in Aflac in the 3rd quarter valued at $45,000. 67.44% of the stock is owned by institutional investors.

About Aflac

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.