Stephens Inc. AR grew its stake in Aflac Incorporated (NYSE:AFL) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,764 shares of the financial services provider’s stock after buying an additional 6,208 shares during the period. Stephens Inc. AR’s holdings in Aflac were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. AJO LP increased its stake in shares of Aflac by 157.8% in the second quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock valued at $270,587,000 after buying an additional 2,132,414 shares during the period. Coastline Trust Co grew its stake in Aflac by 0.5% during the second quarter. Coastline Trust Co now owns 45,170 shares of the financial services provider’s stock worth $3,509,000 after purchasing an additional 240 shares during the period. Dai Ichi Life Insurance Company Ltd grew its stake in Aflac by 7.7% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 217,385 shares of the financial services provider’s stock worth $16,886,000 after purchasing an additional 15,486 shares during the period. Regal Investment Advisors LLC grew its stake in Aflac by 5.1% during the second quarter. Regal Investment Advisors LLC now owns 14,661 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 707 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Aflac during the second quarter worth approximately $212,000. 65.66% of the stock is owned by institutional investors.
Several research firms recently commented on AFL. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, June 2nd. FBR & Co reaffirmed a “market perform” rating and set a $80.00 target price (up previously from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a research note on Thursday, August 24th. Barclays PLC raised their target price on Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 target price on shares of Aflac in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.32.
In related news, President Kriss Cloninger III sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total value of $194,300.00. Following the transaction, the president now directly owns 241,646 shares of the company’s stock, valued at approximately $18,780,727.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Teresa L. White sold 11,314 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total value of $882,605.14. Following the completion of the transaction, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,314 shares of company stock worth $1,360,615. Insiders own 3.00% of the company’s stock.
Aflac Incorporated (NYSE:AFL) traded down 0.21% on Tuesday, hitting $82.30. The stock had a trading volume of 273,266 shares. The company has a market cap of $32.53 billion, a P/E ratio of 12.44 and a beta of 0.97. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $83.39. The stock has a 50 day moving average price of $80.54 and a 200 day moving average price of $76.18.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $1.65 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts expect that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were given a $0.43 dividend. The ex-dividend date was Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.09%. Aflac’s dividend payout ratio is currently 25.94%.
Aflac declared that its board has initiated a stock repurchase plan on Tuesday, August 8th that allows the company to repurchase 40,000,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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