Sequoia Financial Advisors LLC boosted its stake in shares of Aflac Inc. (NYSE:AFL) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 41,058 shares of the company’s stock after buying an additional 3,576 shares during the period. Sequoia Financial Advisors LLC’s holdings in Aflac were worth $2,963,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in AFL. Wellington Management Group LLP increased its position in Aflac by 1,088.1% in the first quarter. Wellington Management Group LLP now owns 896,658 shares of the company’s stock valued at $56,615,000 after buying an additional 821,189 shares in the last quarter. AXA increased its position in Aflac by 105.1% in the first quarter. AXA now owns 1,028,386 shares of the company’s stock valued at $64,933,000 after buying an additional 526,893 shares in the last quarter. Orbis Allan Gray Ltd purchased a new position in Aflac during the first quarter valued at $25,991,000. Bank of Montreal Can purchased a new position in Aflac during the second quarter valued at $28,712,000. Finally, Artemis Investment Management LLP increased its position in Aflac by 308.9% in the second quarter. Artemis Investment Management LLP now owns 470,600 shares of the company’s stock valued at $33,956,000 after buying an additional 355,500 shares in the last quarter. 62.87% of the stock is owned by institutional investors.
Aflac Inc. (NYSE:AFL) traded down 0.48% on Monday, hitting $70.62. The stock had a trading volume of 1,296,800 shares. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 11.61 and a beta of 1.33. The company’s 50 day moving average price is $72.42 and its 200-day moving average price is $70.45. Aflac Inc. has a 12-month low of $54.57 and a 12-month high of $74.50.
Aflac (NYSE:AFL) last released its earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the business posted $1.50 EPS. Aflac’s quarterly revenue was up 2.8% compared to the same quarter last year.
Several equities analysts have weighed in on AFL shares. Evercore ISI started coverage on Aflac in a research report on Wednesday, July 6th. They issued a “sell” rating and a $63.00 target price for the company. Wells Fargo & Co. started coverage on Aflac in a research report on Friday, September 23rd. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, July 26th. Finally, FBR & Co reiterated a “hold” rating on shares of Aflac in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Aflac has a consensus rating of “Hold” and a consensus price target of $69.88.
In related news, insider Audrey B. Tillman sold 18,856 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $73.50, for a total value of $1,385,916.00. Following the sale, the insider now directly owns 43,087 shares in the company, valued at approximately $3,166,894.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Audrey B. Tillman sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $73.98, for a total value of $110,970.00. Following the completion of the sale, the insider now owns 33,958 shares in the company, valued at $2,512,212.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
Aflac Company Profile
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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