This Insider Sold 500.0 Shares In Aflac Incorporated (AFL)

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BBAI
BBAI

Aflac Incorporated (NYSE:AFL) saw an upside of 1.76% to close Tuesday at $72.80 after adding $1.26 on the day. The 5-day average trading volume is 3,747,800 shares of the company’s common stock. It has gained $72.94 in the past week and touched a new high 1 time within the past 5 days. An average of 2,734,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,829,328.

AFL’s 1-month performance is 1.88% or $1.05 on its low of $70.03 reached on 01/20/23. The company’s shares have touched a 52-week low of $52.07 and high of $74.01, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, AFL has achieved 1.20% or $0.86 and has reached a new high 3 times. However, the current price is down -1.64% from the 52-week high price.

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Insider Transactions

AFL stock investors last saw insider trading activity on Jan 03.MOSKOWITZ JOSEPH L (Director) most recently sold 500 shares at $71.98 per share on Jan 03. This transaction cost the insider $35,990. SVP, Chief Actuary, RIGGIERI ALBERT, sold 4,688 shares at a price of $70.60 on Dec 13. Then, on Nov 18, Executive Vice President TILLMAN AUDREY B sold 22,400 shares at a price of $70.80 per share. This transaction amounted to $1,585,871.

Valuation Metrics

AFL stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.15 while the price-to-book (PB) in the most recent quarter is 1.90, with the price to cash flow ratio at 16.27.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.31, while the total debt to equity was 0.31.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income grew 44.36% to $1.6 billion, while revenue of $1.39 billion was 13.03% off the previous quarter. Analysts expected AFL to announce $1.28 per share in earnings in its latest quarter, but it posted $1.46, representing a 14.10% surprise. Shareholders hold equity totaling $621.79 million.

Let’s look briefly at Aflac Incorporated (AFL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 58.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.33%.

The stock’s 5-day moving average is $71.59, reflecting a +0.50% or $0.36 change from its current price. AFL is currently trading +2.67% above its 20-day SMA, +21.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.82% and SMA200 by+11.88%.

Stochastic %K and %D was 44.33% and 28.65% and the average true range (ATR) pointed at 1.34. The RSI (14) points at 57.13%, while the 14-day stochastic is at 69.51% with the period’s ATR at 1.33. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Aflac Incorporated (NYSE: AFL), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for AFL stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate AFL as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.

What is AFL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $57.00 and a high of $80.00, with their median price target at $71.50. Looking at these predictions, the average price target given by analysts is for Aflac Incorporated (AFL) stock is $70.57.

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