Douglas Wayne Johnson Sells 3,000 Shares of AFLAC Incorporated (AFL) Stock

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AFLAC Incorporated (NYSE:AFL) Director Douglas Wayne Johnson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $49.24, for a total transaction of $147,720.00. Following the transaction, the director now directly owns 33,035 shares of the company’s stock, valued at $1,626,643.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of AFL stock opened at $49.61 on Friday. AFLAC Incorporated has a 12 month low of $41.45 and a 12 month high of $49.71. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06.

AFLAC (NYSE:AFL) last announced its earnings results on Thursday, January 31st. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.47 billion. As a group, research analysts predict that AFLAC Incorporated will post 4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th were given a $0.27 dividend. This is a positive change from AFLAC’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Tuesday, February 19th. AFLAC’s dividend payout ratio is presently 25.96%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. CAPROCK Group Inc. boosted its position in shares of AFLAC by 1.8% in the fourth quarter. CAPROCK Group Inc. now owns 12,755 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 227 shares during the period. Johnson Financial Group Inc. boosted its position in shares of AFLAC by 4.0% during the fourth quarter. Johnson Financial Group Inc. now owns 6,310 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 240 shares during the last quarter. Thomasville National Bank boosted its position in shares of AFLAC by 0.3% during the fourth quarter. Thomasville National Bank now owns 86,323 shares of the financial services provider’s stock worth $3,933,000 after acquiring an additional 241 shares during the last quarter. Wealthsource Partners LLC boosted its position in shares of AFLAC by 5.3% during the fourth quarter. Wealthsource Partners LLC now owns 4,950 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 251 shares during the last quarter. Finally, Homrich & Berg boosted its position in shares of AFLAC by 3.4% during the fourth quarter. Homrich & Berg now owns 7,949 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, January 17th. ValuEngine cut shares of AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. SunTrust Banks boosted their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. Finally, JPMorgan Chase & Co. cut shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.36.

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About AFLAC

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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