Security National Bank of Sioux City Iowa IA Grows Holdings in Aflac Incorporated $AFL

Security National Bank of Sioux City Iowa IA boosted its holdings in shares of Aflac Incorporated (NYSE:AFLFree Report) by 24.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,570 shares of the financial services provider’s stock after acquiring an additional 7,752 shares during the period. Aflac accounts for about 1.9% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 11th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Aflac were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Aflac in the 2nd quarter worth approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Aflac by 27.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after buying an additional 1,132,091 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Aflac by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after buying an additional 67,650 shares during the last quarter. Norges Bank bought a new stake in Aflac in the fourth quarter worth $420,078,000. Finally, Legal & General Group Plc purchased a new stake in shares of Aflac in the second quarter worth $404,639,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 13,800 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $117.49, for a total value of $1,621,362.00. Following the completion of the sale, the insider directly owned 50,557,190 shares in the company, valued at $5,939,964,253.10. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Masatoshi Koide sold 13,201 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $118.01, for a total value of $1,557,850.01. Following the completion of the transaction, the director directly owned 76,422 shares in the company, valued at approximately $9,018,560.22. This represents a 14.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 355,316 shares of company stock valued at $41,740,654. Insiders own 0.80% of the company’s stock.

Aflac Stock Performance

Shares of Aflac stock traded down $0.28 during trading hours on Friday, reaching $116.32. 6,744,172 shares of the stock traded hands, compared to its average volume of 2,345,123. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22. The firm has a market capitalization of $58.31 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.88 and a beta of 0.59. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $120.74 and a 200 day moving average price of $116.46.

Aflac (NYSE:AFLGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.

Aflac Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. Aflac’s payout ratio is presently 26.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AFL. UBS Group reiterated a “neutral” rating and issued a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Wall Street Zen lowered shares of Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. TD Cowen reaffirmed a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Wolfe Research began coverage on shares of Aflac in a research note on Wednesday, August 19th. They issued an “underperform” rating and a $103.00 target price on the stock. Finally, Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the company an “equal weight” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.62.

View Our Latest Analysis on AFL

Aflac Company Profile

(Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

See Also

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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