Verdence Capital Advisors LLC boosted its stake in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 168.3% in the third quarter, Holdings Channel reports. The institutional investor owned 26,808 shares of the financial services provider’s stock after purchasing an additional 16,818 shares during the period. Verdence Capital Advisors LLC’s holdings in Aflac were worth $2,997,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compound Planning Inc. boosted its holdings in Aflac by 0.7% in the first quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock worth $1,508,000 after acquiring an additional 91 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Aflac by 1.3% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 7,013 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 91 shares in the last quarter. Studio Investment Management LLC raised its position in shares of Aflac by 1.3% in the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 96 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Aflac by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 17,063 shares of the financial services provider’s stock worth $1,987,000 after purchasing an additional 98 shares during the last quarter. Finally, ABLE Financial Group LLC raised its position in shares of Aflac by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 3,658 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.
Aflac Stock Up 1.0%
Shares of NYSE:AFL opened at $122.16 on Wednesday. Aflac Incorporated has a 1 year low of $105.43 and a 1 year high of $130.22. The stock’s fifty day moving average price is $116.40 and its 200-day moving average price is $115.61.
Aflac (NYSE:AFL – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that Aflac Incorporated will post 7.04 EPS for the current year.
Aflac Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th.
Insider Activity
In other news, major shareholder Post Holdings Co. Ltd. Japan sold 113,611 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $118.53, for a total transaction of $13,466,311.83. Following the completion of the transaction, the insider directly owned 50,134,329 shares of the company’s stock, valued at $5,942,422,016.37. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 713,662 shares of company stock worth $83,323,978. Company insiders own 0.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AFL. UBS Group reiterated a “neutral” rating and issued a $125.00 price target (up from $124.00) on shares of Aflac in a research note on Tuesday, October 6th. Jefferies Financial Group lifted their target price on shares of Aflac from $108.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Bank of America decreased their target price on shares of Aflac from $137.00 to $133.00 and set a “buy” rating for the company in a report on Monday, October 12th. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, TD Cowen reiterated a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.20.
Get Our Latest Research Report on AFL
Aflac Profile
Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.
Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.
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