Advisory Services Network LLC boosted its stake in shares of Aflac Inc. (NYSE:AFL) by 150.9% during the second quarter, Holdings Channel reports. The firm owned 11,774 shares of the company’s stock after buying an additional 7,081 shares during the period. Advisory Services Network LLC’s holdings in Aflac were worth $850,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AFL. Wellington Management Group LLP increased its stake in shares of Aflac by 1,088.1% in the first quarter. Wellington Management Group LLP now owns 896,658 shares of the company’s stock valued at $56,615,000 after buying an additional 821,189 shares during the period. AXA increased its stake in shares of Aflac by 105.1% in the first quarter. AXA now owns 1,028,386 shares of the company’s stock valued at $64,933,000 after buying an additional 526,893 shares during the period. Orbis Allan Gray Ltd purchased a new stake in shares of Aflac during the first quarter valued at approximately $25,991,000. Bank of Montreal Can purchased a new stake in shares of Aflac during the second quarter valued at approximately $28,712,000. Finally, Artemis Investment Management LLP increased its stake in shares of Aflac by 308.9% in the second quarter. Artemis Investment Management LLP now owns 470,600 shares of the company’s stock valued at $33,956,000 after buying an additional 355,500 shares during the period. 62.90% of the stock is currently owned by institutional investors.
Aflac Inc. (NYSE:AFL) traded down 0.42% during midday trading on Monday, hitting $71.57. 1,555,931 shares of the stock traded hands. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50. The company’s 50 day moving average price is $72.77 and its 200 day moving average price is $69.90. The firm has a market cap of $29.31 billion, a PE ratio of 11.77 and a beta of 1.33.
Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.03. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
Several analysts recently commented on AFL shares. Evercore ISI started coverage on shares of Aflac in a research report on Wednesday, July 6th. They set a “sell” rating and a $63.00 price objective on the stock. Wells Fargo & Co. began coverage on shares of Aflac in a report on Friday, September 23rd. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Aflac in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Aflac presently has a consensus rating of “Hold” and a consensus target price of $69.46.
In other news, Director Barbara K. Rimer sold 3,650 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $71.74, for a total transaction of $261,851.00. Following the transaction, the director now owns 15,910 shares in the company, valued at approximately $1,141,383.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Koji Ariyoshi sold 57,413 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $73.20, for a total value of $4,202,631.60. Following the transaction, the vice president now owns 15,956 shares in the company, valued at approximately $1,167,979.20. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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