Boston Advisors LLC maintained its stake in Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,460 shares of the financial services provider’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Aflac were worth $1,356,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AFL. Gulf International Bank UK Ltd raised its stake in shares of Aflac by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 127,539 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 1,500 shares during the last quarter. 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 valued at $166,000 after buying an additional 7 shares during the last quarter. Regentatlantic Capital LLC raised its stake in shares of 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 last quarter. TNB Financial bought a new stake in shares of Aflac during the first quarter valued at about $3,138,000. Finally, Private Trust Co. NA raised its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.
Aflac Incorporated (NYSE:AFL) traded up 0.01% during midday trading on Friday, reaching $79.84. 1,397,338 shares of the company traded hands. The company has a 50 day moving average price of $79.13 and a 200-day moving average price of $74.94. Aflac Incorporated has a one year low of $66.50 and a one year high of $81.89. The stock has a market capitalization of $31.56 billion, a P/E ratio of 12.07 and a beta of 0.99.
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 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 during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business posted $1.65 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, August 21st. Aflac’s payout ratio is 25.94%.
Aflac declared that its board has authorized a stock repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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AFL has been the subject of several analyst reports. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Barclays PLC raised their price objective on shares of Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub downgraded shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and raised their price target for the company from $75.00 to $78.00 in a report on Tuesday, July 4th. Finally, FBR & Co reissued a “market perform” rating and issued a $80.00 price target (up from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Aflac presently has an average rating of “Hold” and an average price target of $76.50.
In other Aflac news, Director Karole Lloyd purchased 1,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of $77.01 per share, with a total value of $77,010.00. Following the purchase, the director now owns 7,253 shares in the company, valued at $558,553.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Kriss Cloninger III sold 3,500 shares of Aflac stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the completion of the transaction, 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. Over the last three months, insiders sold 240,203 shares of company stock worth $18,612,224. 3.00% of the stock is owned by corporate insiders.
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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