Harwood Advisory Group LLC increased its position in shares of AFLAC Incorporated (NYSE:AFL) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,210 shares of the financial services provider’s stock after purchasing an additional 607 shares during the period. Harwood Advisory Group LLC’s holdings in AFLAC were worth $2,862,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. increased its position in AFLAC by 276.9% during the first quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 360 shares during the last quarter. Nelson Roberts Investment Advisors LLC acquired a new stake in AFLAC during the second quarter worth about $39,000. Rational Advisors LLC increased its position in AFLAC by 59.2% during the first quarter. Rational Advisors LLC now owns 769 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 286 shares during the last quarter. Advisory Alpha LLC acquired a new stake in AFLAC during the first quarter worth about $43,000. Finally, Putnam FL Investment Management Co. purchased a new position in AFLAC during the second quarter worth about $55,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.
AFL stock traded down $1.15 during mid-day trading on Friday, hitting $48.36. 4,128,934 shares of the company were exchanged, compared to its average volume of 3,662,743. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $36.66 billion, a P/E ratio of 11.63, a PEG ratio of 2.75 and a beta of 0.71. The business has a fifty day simple moving average of $53.84 and a 200-day simple moving average of $51.58. AFLAC Incorporated has a 12-month low of $41.45 and a 12-month high of $57.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s payout ratio is 25.96%.
In other news, SVP Albert Riggieri sold 5,247 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $52.39, for a total value of $274,890.33. Following the completion of the transaction, the senior vice president now owns 10,698 shares of the company’s stock, valued at $560,468.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Koji Ariyoshi sold 63,703 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at approximately $2,564,533.80. The disclosure for this sale can be found here. In the last three months, insiders sold 83,230 shares of company stock valued at $4,357,815. Insiders own 1.30% of the company’s stock.
Several research analysts have weighed in on AFL shares. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, April 30th. Raymond James lowered shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price for the company. in a research note on Monday, July 29th. Barclays lowered their target price on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group lowered their target price on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Finally, Evercore ISI lowered shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price for the company. in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.07.
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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