Strategic Wealth Partners Ltd. reduced its holdings in AFLAC Incorporated (NYSE:AFL) by 35.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,747 shares of the financial services provider’s stock after selling 1,479 shares during the period. Strategic Wealth Partners Ltd.’s holdings in AFLAC were worth $150,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Gables Capital Management Inc. lifted its stake in shares of AFLAC by 276.9% in the first quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock worth $25,000 after buying an additional 360 shares in the last quarter. Rational Advisors LLC lifted its stake in shares of AFLAC by 59.2% in the first quarter. Rational Advisors LLC now owns 769 shares of the financial services provider’s stock worth $38,000 after buying an additional 286 shares in the last quarter. Nelson Roberts Investment Advisors LLC purchased a new position in shares of AFLAC in the second quarter worth about $39,000. Advisory Alpha LLC purchased a new position in shares of AFLAC in the first quarter worth about $43,000. Finally, Putnam FL Investment Management Co. purchased a new position in shares of AFLAC in the second quarter worth about $55,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
In other AFLAC news, VP Koji Ariyoshi sold 63,703 shares of AFLAC stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Rimer sold 4,728 shares of AFLAC stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $53.74, for a total transaction of $254,082.72. Following the sale, the director now owns 32,448 shares of the company’s stock, valued at $1,743,755.52. The disclosure for this sale can be found here. Insiders have sold 83,230 shares of company stock worth $4,357,815 over the last ninety days. 1.30% of the stock is owned by insiders.
Several research firms have recently weighed in on AFL. Raymond James downgraded shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a research note on Monday, July 29th. Morgan Stanley lifted their target price on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Evercore ISI downgraded shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a research note on Tuesday, July 16th. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, April 30th. Finally, Barclays reduced their target price 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. AFLAC currently has a consensus rating of “Hold” and a consensus target price of $53.07.
AFL stock traded down $1.15 during trading on Friday, reaching $48.36. 4,128,934 shares of the stock were exchanged, compared to its average volume of 3,662,743. 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 business has a 50 day moving average price of $53.84 and a 200-day moving average price of $51.58. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $57.18. The firm has a market capitalization of $36.66 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 2.75 and a beta of 0.71.
AFLAC (NYSE:AFL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. AFLAC’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that AFLAC Incorporated will post 4.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Tuesday, August 20th. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
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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