NN Investment Partners Holdings N.V. Reduces Stake in Aflac Incorporated (AFL)

NN Investment Partners Holdings N.V. lowered its stake in shares of Aflac Incorporated (NYSE:AFL) by 67.0% during the first quarter, Holdings Channel reports. The fund owned 140,460 shares of the financial services provider’s stock after selling 284,652 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Aflac were worth $10,173,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AFL. CWM LLC raised its stake in 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. Parallel Advisors LLC purchased a new stake in shares of Aflac during the fourth quarter worth about $115,000. Quadrant Capital Group LLC raised 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 worth $166,000 after buying an additional 7 shares during the last quarter. Bollard Group LLC raised 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 worth $168,000 after buying an additional 14 shares during the last quarter. Finally, Pinnacle Bank purchased a new stake in shares of Aflac during the first quarter worth about $204,000. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Aflac Incorporated (NYSE:AFL) opened at 79.26 on Tuesday. The firm has a 50-day moving average of $75.23 and a 200 day moving average of $72.20. The firm has a market cap of $31.45 billion, a P/E ratio of 12.89 and a beta of 1.00. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $79.86.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.40 billion. Aflac had a net margin of 11.24% and a return on equity of 12.82%. Aflac’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. On average, analysts predict that Aflac Incorporated will post $6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 24th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $1.72 annualized dividend and a yield of 2.17%. Aflac’s dividend payout ratio is presently 27.92%.

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A number of analysts have issued reports on AFL shares. Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Bank of America Corporation raised Aflac from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $78.00 in a research report on Thursday, April 6th. They noted that the move was a valuation call. Raymond James Financial, Inc. raised 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 boosted their target price on Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, J P Morgan Chase & Co raised Aflac from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $71.71 to $75.00 in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Aflac currently has a consensus rating of “Hold” and a consensus target price of $74.55.

In related news, Director Karole Lloyd purchased 1,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 7,253 shares of the company’s stock, valued at $558,553.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Rimer sold 1,412 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $72.00, for a total transaction of $101,664.00. Following the sale, the director now owns 12,852 shares in the company, valued at $925,344. The disclosure for this sale can be found here. Over the last quarter, insiders sold 233,201 shares of company stock worth $18,011,519. 3.00% of the stock is currently owned by insiders.

About Aflac

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AFL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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