Inscription Capital LLC purchased a new stake in Aflac Incorporated (NYSE:AFL) during the second quarter, HoldingsChannel.com reports. The firm purchased 13,830 shares of the financial services provider’s stock, valued at approximately $742,000.
A number of other large investors have also recently added to or reduced their stakes in the business. KB Financial Partners LLC acquired a new position in shares of Aflac during the first quarter worth approximately $25,000. Solstein Capital LLC acquired a new position in shares of Aflac during the first quarter worth approximately $26,000. Sterling Financial Planning Inc. acquired a new position in shares of Aflac during the second quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Aflac during the second quarter worth approximately $27,000. Finally, Strategic Blueprint LLC bought a new stake in shares of Aflac during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. boosted their price target on shares of 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 raised shares of Aflac from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, June 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aflac has a consensus rating of “Hold” and an average target price of $51.83.
Aflac (NYSE:AFL) last issued its earnings results on Tuesday, July 27th. The financial services provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $5.32 billion. On average, sell-side analysts forecast that Aflac Incorporated will post 5.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Wednesday, August 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, August 17th. Aflac’s dividend payout ratio (DPR) is presently 26.61%.
In other news, EVP Eric M. Kirsch sold 34,778 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karole Lloyd bought 1,000 shares of Aflac stock in a transaction that occurred on Friday, July 30th. The shares were acquired at an average price of $55.21 per share, with a total value of $55,210.00. Following the acquisition, the director now directly 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. Insiders sold 36,978 shares of company stock valued at $2,108,556 in the last quarter. Corporate 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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