Johnson Financial Group Inc. Boosts Stake in Aflac Incorporated (AFL)

Johnson Financial Group Inc. increased its position in Aflac Incorporated (NYSE:AFL) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,502 shares of the financial services provider’s stock after buying an additional 155 shares during the period. Johnson Financial Group Inc.’s holdings in Aflac were worth $688,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Aflac by 221.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 45,562 shares of the financial services provider’s stock valued at $3,303,000 after buying an additional 31,400 shares during the period. Dimensional Fund Advisors LP increased its stake in Aflac by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,037,282 shares of the financial services provider’s stock valued at $219,951,000 after buying an additional 359,750 shares in the last quarter. Parallel Advisors LLC increased its stake in Aflac by 64.1% in the first quarter. Parallel Advisors LLC now owns 2,715 shares of the financial services provider’s stock valued at $203,000 after buying an additional 1,061 shares in the last quarter. NorthCoast Asset Management LLC purchased a new stake in Aflac during the first quarter valued at about $2,205,000. Finally, Plancorp LLC increased its stake in shares of Aflac by 2.5% in the first quarter. Plancorp LLC now owns 4,023 shares of the financial services provider’s stock valued at $293,000 after buying an additional 97 shares during the period. 64.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Aflac Incorporated (AFL) traded up 0.17% during trading on Tuesday, reaching $81.24. The company’s stock had a trading volume of 1,192,534 shares. The stock has a market capitalization of $32.17 billion, a price-to-earnings ratio of 12.28 and a beta of 0.99. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.58. The company’s 50-day moving average price is $78.32 and its 200 day moving average price is $74.16.

Aflac (NYSE:AFL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. Aflac’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Analysts anticipate that Aflac Incorporated will post $6.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio is currently 25.94%.

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AFL has been the subject of a number of research analyst reports. Vetr raised Aflac from a “hold” rating to a “buy” rating and set a $77.50 target price for the company in a research report on Tuesday, April 18th. BidaskClub cut Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Monday, April 17th. Finally, FBR & Co reissued a “market perform” rating and set a $80.00 target price (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $75.95.

In other Aflac news, insider Paul S. Amos II sold 222,889 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the transaction, the insider now directly owns 329,540 shares in the company, valued at approximately $25,506,396. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Kriss Cloninger III sold 3,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.06, for a total transaction of $283,710.00. Following the completion of the sale, the president now directly owns 253,196 shares in the company, valued at $20,524,067.76. The disclosure for this sale can be found here. Insiders sold a total of 240,203 shares of company stock valued at $18,612,224 in the last three months. Insiders own 3.00% of the company’s stock.

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.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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