Aflac Incorporated (NYSE:AFL) – Investment analysts at Langen Mcalenn decreased their Q4 2017 earnings per share estimates for shares of Aflac in a research note issued to investors on Wednesday, Zacks Investment Research reports. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will earn $1.57 per share for the quarter, down from their prior estimate of $1.58. Langen Mcalenn also issued estimates for Aflac’s Q1 2018 earnings at $1.68 EPS, Q2 2018 earnings at $1.73 EPS, Q3 2018 earnings at $1.73 EPS, Q4 2018 earnings at $1.67 EPS and FY2018 earnings at $6.80 EPS.
Aflac (NYSE:AFL) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The company had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.74 earnings per share. WARNING: “Aflac Incorporated to Post Q4 2017 Earnings of $1.57 Per Share, Langen Mcalenn Forecasts (NYSE:AFL)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/11/13/langen-mcalenn-weighs-in-on-aflac-incorporateds-q4-2017-earnings-afl.html.
Several other research analysts have also recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. Wells Fargo & Company set a $82.00 price target on shares of Aflac and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) began coverage on shares of Aflac in a research note on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price target on the stock. Royal Bank Of Canada reiterated a “sell” rating and set a $71.00 price target on shares of Aflac in a research note on Tuesday, October 10th. Finally, Citigroup Inc. cut shares of Aflac from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $82.00 to $77.00 in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $79.63.
Aflac (AFL) opened at $83.44 on Friday. The firm has a market cap of $32,804.44, a price-to-earnings ratio of 12.38, a PEG ratio of 2.47 and a beta of 1.00. Aflac has a one year low of $66.50 and a one year high of $85.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
Aflac announced that its board has authorized a share repurchase program on Tuesday, August 8th that allows the company to repurchase 40,000,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.45 dividend. This is an increase from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 14th. Aflac’s payout ratio is currently 24.93%.
In other Aflac news, insider James Todd Daniels sold 620 shares of Aflac stock in a transaction on Friday, September 29th. The shares were sold at an average price of $81.49, for a total value of $50,523.80. Following the sale, the insider now directly owns 15,454 shares in the company, valued at approximately $1,259,346.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of Aflac stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the sale, the insider now owns 41,937 shares in the company, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,709 shares of company stock worth $2,404,680. 3.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zeke Capital Advisors LLC increased its holdings in Aflac by 183.9% in the 3rd quarter. Zeke Capital Advisors LLC now owns 7,459 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 4,832 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Aflac by 1.8% in the 3rd quarter. Amalgamated Bank now owns 44,688 shares of the financial services provider’s stock worth $3,637,000 after buying an additional 811 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of Aflac by 60.7% in the 3rd quarter. Twin Capital Management Inc. now owns 20,366 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 7,691 shares during the last quarter. Founders Financial Securities LLC increased its holdings in shares of Aflac by 25.3% in the 3rd quarter. Founders Financial Securities LLC now owns 9,338 shares of the financial services provider’s stock worth $760,000 after buying an additional 1,888 shares during the last quarter. Finally, Nuance Investments LLC increased its holdings in shares of Aflac by 9.7% in the 3rd quarter. Nuance Investments LLC now owns 128,016 shares of the financial services provider’s stock worth $10,419,000 after buying an additional 11,300 shares during the last quarter. Institutional investors own 66.42% of the company’s stock.
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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