Aflac Incorporated (AFL) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lowered its position in Aflac Incorporated (NYSE:AFL) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,156 shares of the financial services provider’s stock after selling 155 shares during the period. Citizens Financial Group Inc. RI’s holdings in Aflac were worth $518,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its position 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 last quarter. Bollard Group LLC boosted its position 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 last quarter. Quadrant Capital Group LLC boosted its position 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 last quarter. Bbva Compass Bancshares Inc. purchased a new position in shares of Aflac during the first quarter valued at $204,000. Finally, Pinnacle Bank purchased a new position in shares of Aflac during the first quarter valued at $204,000. 64.34% of the stock is owned by institutional investors and hedge funds.

Aflac Incorporated (NYSE AFL) traded up 2.93% during mid-day trading on Friday, hitting $79.38. 2,649,964 shares of the company were exchanged. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $79.86. The firm has a 50 day moving average price of $77.91 and a 200 day moving average price of $73.80. The stock has a market cap of $31.43 billion, a price-to-earnings ratio of 12.00 and a beta of 0.99.

Aflac (NYSE:AFL) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.63 by $0.20. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a return on equity of 13.14% and a net margin of 11.98%. Aflac’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Analysts anticipate that Aflac Incorporated will post $6.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 25.94%.

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Several research analysts have recently weighed in on AFL shares. Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $78.00 in a research report on Tuesday, July 4th. Raymond James Financial, Inc. raised shares of Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, April 18th. Deutsche Bank AG upped their target price on shares of Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, BidaskClub cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $75.54.

In related news, insider Teresa L. White sold 11,314 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total transaction of $882,605.14. Following the transaction, the insider now directly owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karole Lloyd purchased 1,000 shares of Aflac stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the transaction, the director now directly owns 7,253 shares in the company, valued at approximately $558,553.53. The disclosure for this purchase can be found here. Insiders have sold a total of 236,703 shares of company stock worth $18,328,514 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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