Xact Kapitalforvaltning AB reduced its stake in shares of AFLAC Incorporated (NYSE:AFL) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,689 shares of the financial services provider’s stock after selling 12,006 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in AFLAC were worth $8,176,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in AFLAC by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 77,191 shares of the financial services provider’s stock worth $3,321,000 after acquiring an additional 1,097 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. raised its stake in AFLAC by 10.4% during the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 1,200 shares in the last quarter. Advisor Partners LLC raised its stake in AFLAC by 5.8% during the 2nd quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock worth $956,000 after acquiring an additional 1,209 shares in the last quarter. CIBC Asset Management Inc increased its stake in AFLAC by 1.7% in the second quarter. CIBC Asset Management Inc now owns 74,812 shares of the financial services provider’s stock valued at $3,218,000 after purchasing an additional 1,216 shares during the period. Finally, Regentatlantic Capital LLC increased its stake in AFLAC by 2.4% in the second quarter. Regentatlantic Capital LLC now owns 53,372 shares of the financial services provider’s stock valued at $2,296,000 after purchasing an additional 1,243 shares during the period. Hedge funds and other institutional investors own 67.29% of the company’s stock.
A number of research analysts have commented on the stock. Zacks Investment Research lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Morgan Stanley lifted their price objective on shares of AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, September 27th. Credit Suisse Group dropped their price objective on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Finally, B. Riley lifted their price objective on shares of AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.54.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.57 billion. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities analysts anticipate that AFLAC Incorporated will post 4.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s payout ratio is 30.59%.
In other news, Director Douglas Wayne Johnson sold 2,000 shares of AFLAC stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value of $93,040.00. Following the sale, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,500 shares of AFLAC stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the completion of the sale, the director now directly owns 17,779 shares in the company, valued at approximately $824,590.02. The disclosure for this sale can be found here. 3.00% of the stock is owned by 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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