Edgestream Partners L.P. lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 67.2% in the second quarter, Holdings Channel reports. The institutional investor owned 43,322 shares of the financial services provider’s stock after selling 88,860 shares during the period. Edgestream Partners L.P.’s holdings in Aflac were worth $2,325,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. CX Institutional increased its position in Aflac by 18.1% during the 2nd quarter. CX Institutional now owns 1,242 shares of the financial services provider’s stock valued at $67,000 after buying an additional 190 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Aflac by 5.3% in the 2nd quarter. Capital Analysts LLC now owns 3,840 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 193 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Aflac by 3.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,444 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 199 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of Aflac by 4.7% in the 1st quarter. First Mercantile Trust Co. now owns 4,795 shares of the financial services provider’s stock worth $245,000 after buying an additional 215 shares during the last quarter. Finally, Essex Savings Bank boosted its stake in shares of Aflac by 2.7% in the 2nd quarter. Essex Savings Bank now owns 8,829 shares of the financial services provider’s stock worth $500,000 after buying an additional 229 shares during the last quarter. 66.29% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on AFL shares. raised their price target on Aflac from $46.00 to $47.00 and gave the stock a “sell” rating in a research note on Monday, June 21st. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, June 18th. Finally, Morgan Stanley raised their price target on Aflac from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.83.
Aflac (NYSE:AFL) last released its quarterly earnings data on Tuesday, July 27th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.32. Aflac had a net margin of 25.23% and a return on equity of 11.79%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.32 billion. On average, research analysts predict that Aflac Incorporated will post 5.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 18th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, August 17th. Aflac’s dividend payout ratio (DPR) is presently 26.61%.
In other Aflac news, EVP Eric M. Kirsch sold 34,778 shares of Aflac stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $57.02, for a total value of $1,983,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karole Lloyd purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 30th. The stock was bought at an average price of $55.21 per share, with a total value of $55,210.00. Following the transaction, the director now owns 37,035 shares of the company’s stock, valued at approximately $2,044,702.35. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 49,202 shares of company stock valued at $2,763,647. Company insiders own 1.50% of the company’s stock.
Aflac, Inc is a holding company, which engages in the provision financial protection services. It operates through the Aflac Japan and Aflac United States (U.S.) segments. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
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