Seeyond increased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,820 shares of the financial services provider’s stock after acquiring an additional 566 shares during the period. Seeyond’s holdings in AFLAC were worth $1,470,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in AFL. Moors & Cabot Inc. increased its holdings in shares of AFLAC by 1.9% in the second quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 191 shares during the last quarter. Corient Capital Partners LLC grew its holdings in AFLAC by 2.6% during the 2nd quarter. Corient Capital Partners LLC now owns 7,638 shares of the financial services provider’s stock valued at $419,000 after buying an additional 192 shares in the last quarter. Exeter Financial LLC increased its stake in AFLAC by 0.3% in the 2nd quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock worth $4,073,000 after acquiring an additional 197 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in AFLAC by 1.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 200 shares during the last quarter. Finally, Smith Salley & Associates increased its stake in AFLAC by 3.2% in the 2nd quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
AFL stock traded up $0.25 during mid-day trading on Wednesday, reaching $51.22. 128,616 shares of the stock traded hands, compared to its average volume of 3,425,560. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $37.82 billion, a P/E ratio of 12.31, a P/E/G ratio of 2.83 and a beta of 0.72. The stock’s fifty day moving average is $51.64 and its 200-day moving average is $51.71. AFLAC Incorporated has a 52-week low of $41.45 and a 52-week high of $57.18.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.06. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that AFLAC Incorporated will post 4.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st were paid a $0.27 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.11%. AFLAC’s dividend payout ratio is 25.96%.
A number of research firms have recently commented on AFL. Raymond James downgraded AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price for the company. in a research report on Monday, July 29th. Evercore ISI cut shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a report on Tuesday, July 16th. Morgan Stanley boosted their target price on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Barclays cut their price objective on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Finally, ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $53.07.
In other AFLAC news, insider June P. Howard sold 4,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.35, for a total transaction of $209,400.00. Following the transaction, the insider now owns 64,591 shares in the company, valued at $3,381,338.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara K. Rimer sold 4,728 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $53.74, for a total value of $254,082.72. Following the transaction, the director now owns 32,448 shares in the company, valued at $1,743,755.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,280 shares of company stock worth $757,628. Company insiders own 1.30% of the company’s stock.
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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