Whittier Trust Co. of Nevada Inc. increased its position in shares of Aflac Incorporated (NYSE:AFL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,259 shares of the financial services provider’s stock after buying an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Aflac were worth $564,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Parametrica Management Ltd acquired a new position in shares of Aflac during the first quarter valued at approximately $209,000. Private Trust Co. NA increased its stake in Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock valued at $365,000 after buying an additional 42 shares during the period. TNB Financial purchased a new stake in Aflac during the first quarter valued at about $3,138,000. Regentatlantic Capital LLC increased its stake in Aflac by 16.3% in the first quarter. Regentatlantic Capital LLC now owns 23,685 shares of the financial services provider’s stock valued at $1,715,000 after buying an additional 3,320 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the period. Institutional investors own 64.59% of the company’s stock.
Shares of Aflac Incorporated (AFL) opened at 80.82 on Thursday. The stock has a market capitalization of $31.94 billion, a P/E ratio of 12.22 and a beta of 0.99. The company’s 50 day moving average price is $79.02 and its 200-day moving average price is $74.84. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $81.89.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that Aflac Incorporated will post $6.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, August 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.13%. Aflac’s dividend payout ratio (DPR) is presently 25.94%.
Aflac declared that its board has authorized a share repurchase program on Tuesday, August 8th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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Several equities analysts have weighed in on the company. BidaskClub cut Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. FBR & Co reissued a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Barclays PLC boosted their price objective on Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $66.00 price objective on shares of Aflac in a research report 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 issued a buy rating to the stock. Aflac currently has an average rating of “Hold” and an average target price of $76.50.
In other news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was bought at an average price of $77.01 per share, with a total value of $77,010.00. Following the completion of the acquisition, the director now owns 7,253 shares of the company’s stock, valued at $558,553.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kriss Cloninger III sold 2,500 shares of Aflac stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $77.72, for a total transaction of $194,300.00. Following the completion of the transaction, the president now directly owns 241,646 shares of the company’s stock, valued at approximately $18,780,727.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 240,203 shares of company stock valued at $18,612,224. 3.00% of the stock is currently owned by corporate insiders.
Aflac Company Profile
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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