AFLAC Incorporated (NYSE:AFL) was the target of some unusual options trading activity on Friday. Traders purchased 11,626 put options on the company. This represents an increase of 2,235% compared to the average volume of 498 put options.
In related news, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Audrey B. Tillman sold 2,360 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.64, for a total transaction of $206,830.40. Following the completion of the transaction, the insider now owns 39,331 shares in the company, valued at $3,446,968.84. The disclosure for this sale can be found here. Insiders sold a total of 22,657 shares of company stock worth $1,988,685 over the last quarter. 3.00% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of AFLAC during the 2nd quarter worth about $358,000. Cambria Investment Management L.P. lifted its holdings in shares of AFLAC by 357.2% during the 2nd quarter. Cambria Investment Management L.P. now owns 89,278 shares of the financial services provider’s stock worth $6,935,000 after acquiring an additional 69,749 shares during the period. Novare Capital Management LLC bought a new position in shares of AFLAC during the 3rd quarter worth about $4,720,000. Legal & General Group Plc lifted its holdings in shares of AFLAC by 2.6% during the 3rd quarter. Legal & General Group Plc now owns 2,124,022 shares of the financial services provider’s stock worth $172,881,000 after acquiring an additional 53,650 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of AFLAC during the 2nd quarter worth about $4,380,000. 65.62% of the stock is owned by institutional investors.
AFL has been the subject of a number of research reports. Royal Bank of Canada reissued a “sell” rating and issued a $71.00 price target on shares of AFLAC in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. B. Riley reissued a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Goldman Sachs Group initiated coverage on shares of AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target for the company. Finally, Wells Fargo & Co set a $84.00 price target on shares of AFLAC and gave the company a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. AFLAC has a consensus rating of “Hold” and an average price target of $80.29.
Shares of AFLAC (NYSE AFL) opened at $86.39 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. AFLAC has a 1-year low of $66.50 and a 1-year high of $91.73. The firm has a market cap of $33,960.00, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. equities research analysts predict that AFLAC will post 6.76 earnings per share for the current year.
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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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