Aflac Incorporated (NYSE:AFL) moved 1.49% to recent value of $38.03. The stock transacted 3958194 shares during most recent day however it has an average volume of 3.91M shares. It spotted trading -30.94% off 52-week high price. On the other end, the stock has been noted 64.85% away from the low price over the last 52-weeks.
On Aug. 11, 2020, Aflac Incorporated (NYSE:AFL) declared that its board of directors has authorized the purchase of up to 100 million shares of its common stock. This authorization is in addition to the 21.9 million shares as of June 30, 2020, that remained under the August 8, 2017 authorization, bringing the total number of shares available for purchase to approximately 121.9 million. The company anticipates that the repurchase of shares will be conducted from time to time in open market or negotiated transactions, depending on market conditions.
Commenting on the news, Aflac Chairman and Chief Executive Officer Daniel P. Amos stated: As an insurance company, our primary responsibility is to fulfill the promises we make to our policyholders. At the same time, we are listening to our shareholders and understand the importance of prudent liquidity and capital management. This includes pursuing a tactical approach to capital allocation as we remain in the market repurchasing shares and extending our 37 consecutive years of annual dividend increases. With this approach, we look to emerge from this period in a continued position of strength and leadership.
AFL has an operating margin of 18.90% while its profit margin remained 13.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 16.70% for this year while earning per share for the next 5-years is expected to reach at 1.60%.
The company has 717.89M of outstanding shares and 651.04M shares were floated in the market. The price moved ahead of 5.22% from the mean of 20 days, 4.24% from mean of 50 days SMA and performed -11.81% from mean of 200 days price. Company’s performance for the week was 8.47%, 9.03% for month and YTD performance remained -28.11%.