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Aflac Incorporated (NYSE:AFL), a leading provider of accident and health insurance with a market capitalization of $58.12 billion, has announced the results of its annual shareholder meeting held on Monday. According to InvestingPro data, the company maintains an impressive 41-year streak of consecutive dividend increases, demonstrating strong financial stability. The meeting saw the election of 11 board members, approval of executive compensation, and ratification of KPMG LLP as the company’s independent auditor for the fiscal year ending December 31, 2025.
The proposals, detailed in Aflac’s Proxy Statement, were voted on by shareholders with a total voting power of 1,671,347,420. The shares owned by J&A Alliance Trust, which represent 20% of the total voting power, were subject to voting restrictions as per a 2019 Shareholders Agreement. This agreement mandates proportional voting in line with non-Trust shareholders for any shares exceeding the 20% voting rights and in all matters related to change in control transactions.
The election of board members resulted in Daniel P. Amos and other nominees receiving majority support, with votes for each director ranging from over 1.25 billion to nearly 1.28 billion. The advisory proposal on executive compensation received over 1.23 billion votes for, while the ratification of KPMG LLP garnered over 1.32 billion votes in favor.
The company’s common stock, with a par value of $0.10, is listed on the New York Stock Exchange under the ticker symbol AFL, currently trading at $107.20 with a dividend yield of 2.17%. InvestingPro analysis indicates the stock is slightly undervalued based on its Fair Value model, with a robust financial health score rated as "GOOD." The meeting’s voting outcomes affirm the shareholders’ confidence in the company’s governance and strategic direction. Discover more detailed insights and 8 additional ProTips about AFL through InvestingPro’s comprehensive research reports.
This report is based on the company’s SEC filing and reflects the details provided therein.
In other recent news, Aflac Incorporated reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.66, slightly below the forecast of $1.68. The company’s revenue came in at $3.4 billion, missing the anticipated $4.26 billion, which contributed to a decline in investor sentiment. Despite the revenue shortfall, Aflac demonstrated robust capital management by repurchasing $900 million in shares. In a strategic move, Aflac has expanded its partnership with technology firm Empathy by integrating Empathy’s LifeVault service into its group term life insurance offerings, enhancing legacy planning tools for policyholders. The company also launched new products in Japan, aiming to strengthen its market position amid a 5% decline in net earned premiums in the region. Additionally, U.S. net earned premiums grew by 1.8%, indicating positive performance in the domestic market. Analysts from Evercore ISI and BMO Capital Markets have been closely monitoring these developments, with questions about the impact of macroeconomic factors and new product launches on future performance. Aflac remains focused on capital deployment and shareholder returns while navigating challenges in the Japanese insurance market.
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