Stone Ridge Asset Management LLC grew its holdings in AFLAC Incorporated (NYSE:AFL) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,216 shares of the financial services provider’s stock after buying an additional 3,100 shares during the period. Stone Ridge Asset Management LLC’s holdings in AFLAC were worth $2,698,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of AFLAC by 2.7% in the first quarter. BlackRock Inc. now owns 53,029,685 shares of the financial services provider’s stock valued at $2,651,483,000 after buying an additional 1,381,807 shares during the last quarter. FMR LLC lifted its holdings in AFLAC by 2.8% during the 1st quarter. FMR LLC now owns 11,409,334 shares of the financial services provider’s stock worth $570,466,000 after purchasing an additional 307,940 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AFLAC by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 10,367,524 shares of the financial services provider’s stock worth $471,555,000 after purchasing an additional 724,613 shares during the last quarter. American Century Companies Inc. lifted its holdings in AFLAC by 86.9% during the 1st quarter. American Century Companies Inc. now owns 6,960,057 shares of the financial services provider’s stock worth $348,003,000 after purchasing an additional 3,235,386 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in AFLAC by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock worth $311,766,000 after purchasing an additional 696,326 shares during the last quarter. 65.49% of the stock is owned by institutional investors.
In other AFLAC news, Director Barbara K. Rimer sold 4,728 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $53.74, for a total transaction of $254,082.72. Following the transaction, the director now owns 32,448 shares in the company, valued at approximately $1,743,755.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Koji Ariyoshi sold 63,703 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $52.20, for a total value of $3,325,296.60. Following the transaction, the vice president now owns 49,129 shares in the company, valued at approximately $2,564,533.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,230 shares of company stock worth $4,357,815. Corporate insiders own 1.30% of the company’s stock.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that AFLAC Incorporated will post 4.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
Several analysts recently weighed in on AFL shares. Raymond James cut AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target for the company. in a report on Monday, July 29th. Barclays dropped their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday. Evercore ISI cut AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a report on Tuesday, July 16th. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, April 30th. Finally, ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $53.07.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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