AFLAC Incorporated (NYSE:AFL) – SunTrust Banks increased their FY2018 EPS estimates for shares of AFLAC in a report released on Thursday, October 25th. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings per share of $4.06 for the year, up from their previous forecast of $4.02. SunTrust Banks also issued estimates for AFLAC’s Q3 2019 earnings at $1.05 EPS and FY2019 earnings at $4.10 EPS.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.57 billion. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. During the same quarter in the prior year, the company earned $0.85 earnings per share.
Shares of AFL stock opened at $43.14 on Monday. The firm has a market capitalization of $32.02 billion, a P/E ratio of 12.69, a PEG ratio of 1.21 and a beta of 0.92. AFLAC has a twelve month low of $41.41 and a twelve month high of $48.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.41%. AFLAC’s dividend payout ratio is currently 30.59%.
In other news, Director Joseph L. Moskowitz sold 1,500 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the sale, the director now directly owns 17,779 shares of the company’s stock, valued at $824,590.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total value of $93,040.00. Following the completion of the sale, the director now directly owns 29,859 shares in the company, valued at $1,389,040.68. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of AFLAC by 4.2% in the second quarter. LSV Asset Management now owns 6,323,617 shares of the financial services provider’s stock worth $272,042,000 after acquiring an additional 253,241 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of AFLAC by 1.3% in the second quarter. Victory Capital Management Inc. now owns 5,324,389 shares of the financial services provider’s stock worth $229,055,000 after acquiring an additional 68,747 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of AFLAC by 9.2% in the second quarter. Schroder Investment Management Group now owns 4,560,019 shares of the financial services provider’s stock worth $197,038,000 after acquiring an additional 385,727 shares during the last quarter. Coho Partners Ltd. grew its stake in shares of AFLAC by 2.8% in the second quarter. Coho Partners Ltd. now owns 3,922,809 shares of the financial services provider’s stock worth $168,759,000 after acquiring an additional 105,168 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in shares of AFLAC by 5.2% in the second quarter. Investec Asset Management LTD now owns 3,637,570 shares of the financial services provider’s stock worth $156,488,000 after acquiring an additional 178,530 shares during the last quarter. 67.16% of the stock is currently owned by hedge funds and other institutional investors.
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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