Taking a Closer Look At Aflac Incorporated (AFL) Following Its Recent Trade


Aflac Incorporated’s filing revealed that its EVP, CFO Aflac Japan Daniels James Todd unloaded Company’s shares for reported $0.25 million on Aug 21. In the deal valued at $74.51 per share,3,355 shares were sold. As a result of this transaction, Daniels James Todd now holds 60,274 shares worth roughly $ 4.51 million.

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Then, RIGGIERI ALBERT sold 7,649 shares, generating $582,051 in total proceeds. Upon selling the shares at $76.09, the SVP, Global CRO, Chief Actuary now owns 26,210 shares.

Before that, LAKE CHARLES D II sold 16,040 shares. Aflac Incorporated shares valued at $1,216,810 were divested by the Chairman & Rep. Director, ALIJ at a price of $75.86 per share. As a result of the transaction, LAKE CHARLES D II now holds 53,925 shares, worth roughly $4.03 million.

Morgan Stanley downgraded its Aflac Incorporated [AFL] rating to an Equal-weight from a an Overweight in a research note published on Friday, August 18, 2023; the price target was increased to $75 from $74. PT values the company’s stock at a premium of 0.31 to its Friday closing price.

Price Performance Review of AFL

On Friday, Aflac Incorporated [NYSE:AFL] saw its stock jump 0.27% to $74.77. On the same session, the stock had its day’s lowest price of $74.64, but rose to a high of $75.21. Over the last five days, the stock has gained 0.70%. Aflac Incorporated shares have risen nearly 3.93% since the year began. Nevertheless, the stocks have risen 25.83% over the past one year. While a 52-week high of $78.43 was reached on 08/07/23, a 52-week low of $56.03 was recorded on 03/15/23. SMA at 50 days reached $72.77, while 200 days put it at $69.48. A total of 1.76 million shares were traded, compared to the trading of 2.77 million shares in the previous session.

Levels Of Support And Resistance For AFL Stock

The 24-hour chart illustrates a support level at 74.54, which if violated will result in even more drops to 74.30. On the upside, there is a resistance level at 75.11. A further resistance level may holdings at 75.44. The Relative Strength Index (RSI) on the 14-day chart is 54.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.23%. Stochastics %K at 47.29% indicates the stock is a holding.

How much short interest is there in Aflac Incorporated?

A steep rise in short interest was recorded in Aflac Incorporated stocks on Aug 14, 2023, growing by 0.57 million shares to a total of 12.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.75 million shares. There was a rise of 4.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.42.

According to FactSet, Aflac Incorporated’s share price will average $75.99 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.26 percent from its previous closing price of $74.57. Analysts expect Aflac Incorporated stock to reach the higher price of $86.00, while the lowest price estimate is $58.00. However, 16 analysts have rated AFL stock as a Hold in their predictions for 2023.


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