Aflac Incorporated (NYSE:AFL) Holdings Raised by Trust Co. of Vermont

Trust Co. of Vermont increased its stake in Aflac Incorporated (NYSE:AFL) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,970 shares of the financial services provider’s stock after purchasing an additional 525 shares during the quarter. Trust Co. of Vermont’s holdings in Aflac were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC raised its position in Aflac by 1.7% during the first quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock valued at $623,000 after buying an additional 121 shares during the period. Burns Matteson Capital Management LLC grew its position in Aflac by 4.1% during the second quarter. Burns Matteson Capital Management LLC now owns 3,077 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 121 shares in the last quarter. Flputnam Investment Management Co. grew its position in Aflac by 0.5% during the fourth quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock valued at $2,065,000 after purchasing an additional 122 shares in the last quarter. ICA Group Wealth Management LLC increased its stake in Aflac by 4.3% in the 4th quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock valued at $245,000 after buying an additional 122 shares during the period. Finally, TKG Advisors LLC lifted its position in Aflac by 0.5% in the 1st quarter. TKG Advisors LLC now owns 24,536 shares of the financial services provider’s stock worth $2,107,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

NYSE AFL traded up $1.43 during trading on Tuesday, hitting $98.60. The company’s stock had a trading volume of 2,175,343 shares, compared to its average volume of 2,246,525. Aflac Incorporated has a 52 week low of $72.78 and a 52 week high of $104.90. The firm has a market cap of $56.03 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The firm has a 50 day moving average price of $90.97 and a 200 day moving average price of $85.84. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Aflac’s revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Aflac Incorporated will post 6.48 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Wednesday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, August 21st. Aflac’s payout ratio is presently 22.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Jefferies Financial Group cut their price target on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Bank of America boosted their price target on Aflac from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley boosted their target price on shares of Aflac from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.08.

Insider Buying and Selling

In other news, Director Charles D. Lake II sold 22,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the sale, the director now directly owns 61,522 shares in the company, valued at $5,381,329.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Joseph L. Moskowitz sold 600 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total value of $50,904.00. Following the completion of the transaction, the director now owns 27,550 shares of the company’s stock, valued at $2,337,342. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles D. Lake II sold 22,378 shares of Aflac stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total value of $1,957,403.66. Following the sale, the director now directly owns 61,522 shares in the company, valued at $5,381,329.34. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Aflac Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.