Hartford Investment Management Co. decreased its position in Aflac Incorporated (NYSE:AFL) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,458 shares of the financial services provider’s stock after selling 5,536 shares during the period. Hartford Investment Management Co.’s holdings in Aflac were worth $7,182,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of AFL. CWM LLC increased its position in shares of Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of Aflac during the first quarter worth approximately $128,000. Washington Trust Bank increased its position in shares of Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its position in shares of Aflac by 1.8% in the second quarter. Sit Investment Associates Inc. now owns 2,137 shares of the financial services provider’s stock worth $166,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 64.64% of the company’s stock.
Aflac Incorporated (NYSE AFL) traded up 0.3945% on Tuesday, hitting $81.4199. The stock had a trading volume of 280,035 shares. The firm’s 50-day moving average price is $78.05 and its 200-day moving average price is $74.01. The firm has a market cap of $32.24 billion, a P/E ratio of 12.3102 and a beta of 0.99. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.58.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post $6.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.72 annualized dividend and a yield of 2.12%. Aflac’s payout ratio is 25.94%.
A number of brokerages recently commented on AFL. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Friday, June 2nd. Royal Bank Of Canada restated an “underperform” rating and set a $66.00 price objective (up from $62.00) on shares of Aflac in a research note on Monday, May 1st. FBR & Co restated a “market perform” rating and set a $80.00 price objective (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Barclays PLC upped their price objective on Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $77.50 price objective for the company in a research note on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.95.
In other Aflac news, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction on Monday, June 12th. The stock was sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the transaction, the insider now owns 329,540 shares in the company, valued at approximately $25,506,396. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was acquired at an average price of $77.01 per share, with a total value of $77,010.00. Following the transaction, the director now owns 7,253 shares in the company, valued at approximately $558,553.53. The disclosure for this purchase can be found here. In the last quarter, insiders sold 240,203 shares of company stock valued at $18,612,224. Corporate insiders own 3.00% of the company’s stock.
Aflac Company Profile
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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