Gamble Jones Investment Counsel Trims Position in AFLAC Incorporated (NYSE:AFL)

Gamble Jones Investment Counsel decreased its position in shares of AFLAC Incorporated (NYSE:AFL) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,881 shares of the financial services provider’s stock after selling 376 shares during the period. Gamble Jones Investment Counsel’s holdings in AFLAC were worth $706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AFL. Krane Funds Advisors LLC purchased a new position in AFLAC during the second quarter worth approximately $25,000. Pearl River Capital LLC acquired a new stake in shares of AFLAC in the second quarter worth $27,000. Virtus ETF Advisers LLC acquired a new stake in shares of AFLAC in the second quarter worth $32,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of AFLAC in the second quarter worth $39,000. Finally, Advisory Alpha LLC acquired a new stake in shares of AFLAC in the first quarter worth $43,000. 64.24% of the stock is currently owned by institutional investors and hedge funds.

AFL has been the subject of several recent research reports. Bank of America set a $54.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a research report on Friday. Evercore ISI lowered shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective for the company. in a research report on Tuesday, July 16th. Raymond James lowered shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price objective for the company. in a research report on Monday, July 29th. ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley increased their price objective on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. AFLAC has an average rating of “Hold” and an average target price of $53.17.

In related news, insider James Todd Daniels sold 5,552 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.98, for a total transaction of $294,144.96. Following the completion of the sale, the insider now directly owns 20,101 shares of the company’s stock, valued at approximately $1,064,950.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $52.00, for a total transaction of $78,000.00. Following the sale, the director now directly owns 11,349 shares of the company’s stock, valued at $590,148. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,780 shares of company stock valued at $835,628. Company insiders own 1.30% of the company’s stock.

Shares of AFLAC stock traded down $0.64 during trading hours on Tuesday, hitting $51.68. The company’s stock had a trading volume of 85,035 shares, compared to its average volume of 3,244,161. The business has a fifty day moving average of $51.31 and a 200 day moving average of $52.01. The company has a market capitalization of $38.42 billion, a PE ratio of 12.39, a P/E/G ratio of 2.88 and a beta of 0.72. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.18. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22.

AFLAC (NYSE:AFL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. On average, sell-side analysts anticipate that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, August 20th. AFLAC’s payout ratio is 25.96%.

AFLAC Company Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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