Aflac Incorporated (NYSE:AFL – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0%
Shares of Aflac stock opened at $125.29 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Aflac has a 1 year low of $105.76 and a 1 year high of $130.22. The company has a market capitalization of $62.81 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.96 and a beta of 0.55. The business has a 50 day moving average price of $117.17 and a 200 day moving average price of $116.05.
Aflac (NYSE:AFL – Get Free Report) last announced its earnings results on Wednesday, November 4th. The financial services provider reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.63. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%. Aflac’s quarterly revenue was down 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. Sell-side analysts anticipate that Aflac will post 7.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on AFL shares. TD Cowen reiterated a “hold” rating and set a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Aflac from $116.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Keefe, Bruyette & Woods decreased their price target on shares of Aflac from $125.00 to $120.00 and set a “market perform” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company lowered their price target on shares of Aflac from $122.00 to $116.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Finally, Raymond James Financial lifted their price target on shares of Aflac from $119.00 to $123.00 in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.20.
View Our Latest Research Report on AFL
Aflac Company Profile
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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