The DekaBank Deutsche Girozentrale has reduced its share in Aflac Incorporated (NYSE:AFL). Meanwhile, reports suggest that finance stocks have been lagging AFL this year. There's speculation about potential weakness, as insiders have sold $14m worth of AFL stocks. However, Aflac's Q2 and Q1 net earnings were record-breaking, with figures hitting $1.8 billion and $1.9 billion respectively, and they continued declaring cash dividends.
Aflac shares have shown consistent growth, rising by 7.9% since last earnings, and enjoying a 2.46% growth in a week. Institutions show strong interest in the company with a 70% ownership in its hands. The company's stock has surged by 138% for investors who put money in AFL five years ago. Aflac also revealed plans to buy a 40% share in Tree Line Capital for $100M.
Revenues and earnings surpassed estimates, and AFL retained a strong backing from analysts, attributing this to consistent dividend growth. We also saw a slight selling of shares by Director Thomas Kenny, but this did not raise major concerns. AFL's CEO Dan Amos has continued transforming the company into a high-profile international firm. Anticipations are high towards Aflac's Q3 results.
Aflac AFL News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 15 Sep 2024 13:07:12 GMT - Rating 6 - Innovation 2 - Information 5 - Rumor -2
