Investors Purchase High Volume of AFLAC Call Options (NYSE:AFL)

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AFLAC Incorporated (NYSE:AFL) was the target of some unusual options trading activity on Monday. Stock traders acquired 21,689 call options on the company. This is an increase of 3,473% compared to the average daily volume of 607 call options.

In related news, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $52.00, for a total transaction of $78,000.00. Following the completion of the sale, the director now directly owns 11,349 shares of the company’s stock, valued at approximately $590,148. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Todd Daniels sold 5,552 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.98, for a total transaction of $294,144.96. Following the sale, the insider now directly owns 20,101 shares of the company’s stock, valued at $1,064,950.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,780 shares of company stock valued at $835,628. Company insiders own 1.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AFL. Nuveen Asset Management LLC grew its holdings in AFLAC by 2,231.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,037,596 shares of the financial services provider’s stock worth $166,490,000 after acquiring an additional 2,907,329 shares in the last quarter. California Public Employees Retirement System grew its holdings in AFLAC by 17.3% during the 2nd quarter. California Public Employees Retirement System now owns 5,935,191 shares of the financial services provider’s stock worth $325,308,000 after acquiring an additional 876,489 shares in the last quarter. BlackRock Inc. grew its holdings in AFLAC by 1.6% during the 2nd quarter. BlackRock Inc. now owns 53,864,475 shares of the financial services provider’s stock worth $2,952,313,000 after acquiring an additional 834,790 shares in the last quarter. Vanguard Group Inc. grew its holdings in AFLAC by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 68,140,817 shares of the financial services provider’s stock worth $3,734,798,000 after acquiring an additional 557,750 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in AFLAC by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 6,782,831 shares of the financial services provider’s stock worth $371,768,000 after acquiring an additional 547,508 shares in the last quarter. 64.27% of the stock is owned by institutional investors.

Shares of AFL stock opened at $52.42 on Wednesday. The firm has a market cap of $39.13 billion, a P/E ratio of 12.60, a P/E/G ratio of 2.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.04 and a quick ratio of 0.04. AFLAC has a 1-year low of $41.45 and a 1-year high of $57.18. The firm has a fifty day moving average of $51.94 and a two-hundred day moving average of $52.28.

AFLAC (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. On average, sell-side analysts expect that AFLAC will post 4.36 EPS for the current year.

A number of equities research analysts recently weighed in on AFL shares. Morgan Stanley raised their price target on shares of AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. UBS Group raised their price target on shares of AFLAC from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI lowered shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a report on Tuesday, July 16th. Bank of America set a $54.00 price target on shares of AFLAC and gave the company a “hold” rating in a report on Friday, September 27th. Finally, Barclays lowered their price target on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.62.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, 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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