Sentinel Trust Co. LBA Boosts Position in AFLAC Incorporated (AFL)

Sentinel Trust Co. LBA increased its stake in AFLAC Incorporated (NYSE:AFL) by 13.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,420 shares of the financial services provider’s stock after purchasing an additional 11,976 shares during the quarter. AFLAC makes up approximately 1.0% of Sentinel Trust Co. LBA’s portfolio, making the stock its 24th biggest holding. Sentinel Trust Co. LBA’s holdings in AFLAC were worth $4,320,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its stake in shares of AFLAC by 95.1% during the 1st quarter. Parsons Capital Management Inc. RI now owns 59,694 shares of the financial services provider’s stock worth $2,612,000 after buying an additional 29,092 shares during the last quarter. Focused Wealth Management Inc raised its stake in shares of AFLAC by 100.0% during the 1st quarter. Focused Wealth Management Inc now owns 4,500 shares of the financial services provider’s stock worth $197,000 after buying an additional 2,250 shares during the last quarter. Hyman Charles D raised its stake in shares of AFLAC by 94.9% during the 1st quarter. Hyman Charles D now owns 7,020 shares of the financial services provider’s stock worth $307,000 after buying an additional 3,418 shares during the last quarter. American International Group Inc. raised its stake in shares of AFLAC by 103.6% during the 1st quarter. American International Group Inc. now owns 371,088 shares of the financial services provider’s stock worth $16,239,000 after buying an additional 188,853 shares during the last quarter. Finally, Pendal Group Ltd raised its stake in shares of AFLAC by 84.0% during the 1st quarter. Pendal Group Ltd now owns 218,430 shares of the financial services provider’s stock worth $9,558,000 after buying an additional 99,692 shares during the last quarter. 67.21% of the stock is currently owned by institutional investors.

Shares of AFL stock opened at $47.21 on Friday. AFLAC Incorporated has a twelve month low of $40.55 and a twelve month high of $47.28. The stock has a market capitalization of $35.56 billion, a P/E ratio of 12.28, a PEG ratio of 1.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.



AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. analysts expect that AFLAC Incorporated will post 4.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Wednesday, August 22nd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, August 21st. AFLAC’s payout ratio is 30.59%.

AFL has been the subject of several research reports. Sandler O’Neill raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price target on shares of AFLAC in a research note on Wednesday, August 1st. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, June 5th. B. Riley lifted their price target on AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Finally, ValuEngine downgraded AFLAC from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $47.23.

In related news, insider Eric M. Kirsch sold 66,447 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the transaction, the insider now owns 128,796 shares of the company’s stock, valued at approximately $5,578,154.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the transaction, the director now directly owns 29,859 shares of the company’s stock, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. Insiders sold a total of 69,947 shares of company stock valued at $3,040,430 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

AFLAC Company Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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