Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Aflac Inc. (NYSE:AFL) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,305 shares of the company’s stock after buying an additional 289 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Aflac were worth $816,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Oakworth Capital Inc. increased its position in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock valued at $127,000 after buying an additional 705 shares during the last quarter. Trust Department MB Financial Bank N A increased its position in shares of Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock valued at $135,000 after buying an additional 1,617 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Aflac during the first quarter valued at approximately $153,000. Capital Analysts LLC increased its position in shares of Aflac by 159.4% in the second quarter. Capital Analysts LLC now owns 4,033 shares of the company’s stock valued at $159,000 after buying an additional 2,478 shares during the last quarter. Finally, Cim LLC purchased a new position in shares of Aflac during the second quarter valued at approximately $219,000. Institutional investors own 62.90% of the company’s stock.
Shares of Aflac Inc. (NYSE:AFL) traded up 0.56% on Wednesday, reaching $71.90. 1,618,558 shares of the company’s stock were exchanged. Aflac Inc. has a one year low of $54.57 and a one year high of $74.50. The firm has a 50 day moving average of $72.70 and a 200 day moving average of $70.14. The firm has a market capitalization of $29.45 billion, a P/E ratio of 11.82 and a beta of 1.33.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The business earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period last year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Aflac Inc. will post $6.85 EPS for the current year.
Several research firms have issued reports on AFL. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price objective for the company in a research report on Monday, June 27th. Deutsche Bank AG boosted their price objective on shares of Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. FBR & Co reissued a “hold” rating on shares of Aflac in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.46.
In related news, Director Barbara K. Rimer sold 3,650 shares of Aflac stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $71.74, for a total value of $261,851.00. Following the completion of the transaction, the director now owns 15,910 shares in the company, valued at $1,141,383.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Koji Ariyoshi sold 57,413 shares of Aflac stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $73.20, for a total transaction of $4,202,631.60. Following the completion of the transaction, the vice president now owns 15,956 shares of the company’s stock, valued at approximately $1,167,979.20. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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