Aflac Incorporated (AFL) To Go Ex-Dividend on November 18th

by · The Markets Daily

Aflac Incorporated (NYSE:AFL – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.61 per share by the financial services provider on Tuesday, December 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, November 18th.

Aflac has increased its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 44 consecutive years. Aflac has a dividend payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Aflac to earn $7.70 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 31.7%.

Aflac Stock Up 0.7%

AFL stock opened at $126.17 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $63.26 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.98 and a beta of 0.55. The business’s fifty day moving average price is $117.34 and its two-hundred day moving average price is $116.13. Aflac has a fifty-two week low of $105.76 and a fifty-two week high of $131.19.

Aflac (NYSE:AFL – Get Free Report) last announced its earnings results on Wednesday, November 4th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.63. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Aflac had a net margin of 21.24% and a return on equity of 12.75%. Aflac’s quarterly revenue was down 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 earnings per share. On average, equities analysts anticipate that Aflac will post 7.04 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 113,611 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $118.53, for a total transaction of $13,466,311.83. Following the completion of the sale, the insider owned 50,134,329 shares of the company’s stock, valued at $5,942,422,016.37. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 713,662 shares of company stock valued at $83,323,978 over the last three months. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Aflac

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Aflac by 2.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,669 shares of the financial services provider’s stock valued at $408,000 after buying an additional 88 shares during the last quarter. Compound Planning Inc. boosted its holdings in Aflac by 0.7% during the 1st quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock worth $1,508,000 after acquiring an additional 91 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Aflac by 1.3% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 7,013 shares of the financial services provider’s stock worth $784,000 after acquiring an additional 91 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in Aflac by 1.9% during the 3rd quarter. Cidel Asset Management Inc. now owns 5,045 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 95 shares during the last quarter. Finally, Studio Investment Management LLC grew its stake in shares of Aflac by 1.3% in the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 96 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

About Aflac

(Get Free Report)

Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.

Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.

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