Stock Traders Buy Large Volume of AFLAC Put Options (NYSE:AFL)

AFLAC Incorporated (NYSE:AFL) saw unusually large options trading on Monday. Traders bought 19,288 put options on the company. This is an increase of 3,433% compared to the average volume of 546 put options.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. Nuveen Asset Management LLC increased its holdings in shares of AFLAC by 2,231.8% during the second quarter. Nuveen Asset Management LLC now owns 3,037,596 shares of the financial services provider’s stock valued at $166,490,000 after acquiring an additional 2,907,329 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of AFLAC by 17.3% during the second quarter. California Public Employees Retirement System now owns 5,935,191 shares of the financial services provider’s stock valued at $325,308,000 after acquiring an additional 876,489 shares in the last quarter. BlackRock Inc. increased its holdings in shares of AFLAC by 1.6% during the second quarter. BlackRock Inc. now owns 53,864,475 shares of the financial services provider’s stock valued at $2,952,313,000 after acquiring an additional 834,790 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of AFLAC by 0.8% during the second quarter. Vanguard Group Inc. now owns 68,140,817 shares of the financial services provider’s stock valued at $3,734,798,000 after acquiring an additional 557,750 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of AFLAC by 8.8% during the second quarter. Victory Capital Management Inc. now owns 6,782,831 shares of the financial services provider’s stock valued at $371,768,000 after acquiring an additional 547,508 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.

A number of equities analysts recently commented on AFL shares. ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price target on AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Evercore ISI lowered AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target on the stock. in a research note on Tuesday, July 16th. Bank of America set a $54.00 price target on AFLAC and gave the company a “hold” rating in a research note on Friday, September 27th. Finally, Barclays dropped their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.62.

Shares of AFL opened at $52.42 on Wednesday. AFLAC has a 52-week low of $41.45 and a 52-week high of $57.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.04. The business’s 50 day moving average price is $51.94 and its two-hundred day moving average price is $52.28. The firm has a market cap of $39.13 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Research analysts predict that AFLAC will post 4.36 EPS for the current fiscal year.

About AFLAC

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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