Strs Ohio decreased its stake in shares of Aflac Incorporated (NYSE:AFL) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,315 shares of the financial services provider’s stock after selling 21,145 shares during the period. Strs Ohio owned 0.06% of Aflac worth $17,424,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in shares of Aflac by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 68,573 shares of the financial services provider’s stock worth $4,966,000 after buying an additional 277 shares during the period. Xact Kapitalforvaltning AB raised its stake in shares of Aflac by 2.6% in the first quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 2,237 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Aflac during the first quarter worth about $446,000. Trust Co. of Vermont raised its stake in shares of Aflac by 0.5% in the first quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 92 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Aflac by 27.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock worth $2,156,000 after buying an additional 6,383 shares in the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.
Aflac Incorporated (NYSE AFL) traded up 0.01% during trading on Friday, reaching $79.84. The company had a trading volume of 1,397,338 shares. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.89. The stock has a market capitalization of $31.56 billion, a price-to-earnings ratio of 12.07 and a beta of 0.99. The firm has a 50-day moving average of $79.13 and a 200-day moving average of $74.94.
Aflac (NYSE:AFL) last announced its quarterly earnings results 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 company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the business posted $1.65 EPS. Aflac’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
Aflac declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 8th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.15%. Aflac’s payout ratio is presently 25.94%.
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A number of equities research analysts have weighed in on AFL shares. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. BidaskClub lowered Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Barclays PLC lifted their price target on Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, Bank of America Corporation upgraded Aflac from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $76.50.
In related news, President Kriss Cloninger III sold 3,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the transaction, the president now directly owns 253,196 shares in the company, valued at approximately $20,524,067.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Teresa L. White sold 11,314 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total transaction of $882,605.14. Following the completion of the sale, the insider now owns 26,847 shares in the company, valued at $2,094,334.47. The disclosure for this sale can be found here. Insiders sold a total of 240,203 shares of company stock worth $18,612,224 over the last quarter. 3.00% of the stock is currently owned by company 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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