Advantus Capital Management Inc lowered its stake in Aflac Incorporated (NYSE:AFL) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 40,346 shares of the financial services provider’s stock after selling 282 shares during the period. Advantus Capital Management Inc’s holdings in Aflac were worth $2,922,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. CWM LLC boosted its stake in shares of Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock valued at $101,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the period. Bollard Group LLC boosted its stake in shares of Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares during the period. Pinnacle Bank acquired a new stake in shares of Aflac during the first quarter valued at about $204,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in shares of Aflac during the first quarter valued at about $204,000. 64.34% of the stock is currently owned by institutional investors.
Shares of Aflac Incorporated (NYSE:AFL) traded up 2.93% during mid-day trading on Friday, reaching $79.38. 2,649,964 shares of the company’s stock were exchanged. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $79.86. The stock has a market cap of $31.43 billion, a price-to-earnings ratio of 12.00 and a beta of 0.99. The stock has a 50 day moving average price of $77.91 and a 200 day moving average price of $73.80.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 13.14% and a net margin of 11.98%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.65 EPS. Equities research analysts predict that Aflac Incorporated will post $6.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.17%. Aflac’s payout ratio is currently 25.94%.
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AFL has been the topic of several recent research reports. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Friday, June 2nd. Royal Bank Of Canada reissued an “underperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Aflac in a research report on Monday, May 1st. J P Morgan Chase & Co boosted their price target on shares of Aflac from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. FBR & Co reissued a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Finally, Barclays PLC boosted their price target on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $75.54.
In other Aflac news, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $77.40, for a total transaction of $17,251,608.60. Following the sale, the insider now directly owns 329,540 shares in the company, valued at approximately $25,506,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were acquired at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the acquisition, the director now directly owns 7,253 shares in the company, valued at $558,553.53. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 236,703 shares of company stock worth $18,328,514. Company insiders own 3.00% of the company’s stock.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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