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Why Aflac Inc. (AFL) Stock Could See Much Higher Prices Ahead

Aflac Inc. (NYSE: AFL) is 30.32% higher on its value in year-to-date trading and has touched a low of $72.95 and a high of $107.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AFL stock was last observed hovering at around $107.34 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $107.51, the stock is 6.17% and 13.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing 0.16% at the moment leaves the stock 24.85% off its SMA200. AFL registered 44.68% gain for a year compared to 6-month gain of 34.89%.

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The stock witnessed a 13.38% loss in the last 1 month and extending the period to 3 months gives it a 22.60%, and is 2.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.74% over the month.

Aflac Inc. (AFL) has around 12785 employees, a market worth around $60.21B and $19.30B in sales. Current P/E ratio is 11.38 and Fwd P/E is 15.26. Profit margin for the company is 28.34%. Distance from 52-week low is 47.37% and 0.03% from its 52-week high. The company has generated returns on investments over the last 12 months (16.33%).

with sales reaching $4.39B over the same period.The EPS is expected to grow by 7.56% this year, but quarterly earnings will post -2.90% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.

Aflac Inc. (AFL) Top Institutional Holders

1865.0 institutions hold shares in Aflac Inc. (AFL), with institutional investors hold 68.89% of the company’s shares. The shares outstanding are 578.48M, and float is at 504.33M with Short Float at 3.20%. Institutions hold 61.96% of the Float.

The top institutional shareholder in the company is JAPAN POST HOLDINGS CO., LTD. with over 52.3 million shares valued at $4.67 billion. The investor’s holdings represent 9.0975% of the AFL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 51.2 million shares valued at $4.57 billion to account for 8.9058 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 40.06 million shares representing 6.9683% and valued at over $3.58 billion, while STATE STREET CORP holds 4.4908 of the shares totaling 25.82 million with a market value of $2.31 billion.

Aflac Inc. (AFL) Insider Activity

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Aflac Inc. disclosed in a document filed with the SEC on Aug 08 ’24 that MOSKOWITZ JOSEPH L (Director) sold a total of 600 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $99.55 per share for $59730.0. Following the transaction, the insider now directly holds 26962.0 shares of the AFL stock.

Still, SEC filings show that on Aug 07 ’24, KENNY THOMAS J (Director) disposed off 2,000 shares at an average price of $98.94 for $0.2 million. The insider now directly holds 18,158 shares of Aflac Inc. (AFL).

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