Canandaigua National Bank & Trust Co. lowered its position in Aflac Inc. (NYSE:AFL) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 18,055 shares of the company’s stock after selling 150 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Aflac were worth $1,303,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Virginia Retirement System purchased a new stake in shares of Aflac during the first quarter worth about $3,651,000. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Aflac during the first quarter worth about $591,000. Aperio Group LLC boosted its stake in shares of Aflac by 9.7% in the first quarter. Aperio Group LLC now owns 498,707 shares of the company’s stock worth $31,488,000 after buying an additional 44,290 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of Aflac by 2.9% in the first quarter. Commonwealth Equity Services Inc now owns 141,537 shares of the company’s stock worth $8,937,000 after buying an additional 3,944 shares during the period. Finally, Telemus Capital LLC purchased a new stake in shares of Aflac during the first quarter worth about $646,000. Institutional investors and hedge funds own 62.85% of the company’s stock.
Aflac Inc. (NYSE:AFL) traded up 1.45% on Wednesday, reaching $73.50. 1,746,269 shares of the company traded hands. The stock has a market capitalization of $30.10 billion, a PE ratio of 12.09 and a beta of 1.30. The firm has a 50 day moving average of $72.85 and a 200-day moving average of $69.38. Aflac Inc. has a one year low of $54.57 and a one year high of $74.50.
Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.71 earnings per share (EPS) for the quarter, beating 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 company earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Aflac Inc. will post $6.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, August 22nd. Aflac’s dividend payout ratio is currently 26.93%.
A number of brokerages recently issued reports on AFL. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, July 26th. Vetr cut shares of Aflac from a “hold” rating to a “sell” rating and set a $70.50 price objective for the company. in a research report on Tuesday, July 12th. Deutsche Bank AG restated a “hold” rating and issued a $73.00 price objective (down previously from $75.00) on shares of Aflac in a research report on Monday, August 1st. FBR & Co restated a “hold” rating on shares of Aflac in a research report on Friday, July 29th. Finally, Evercore ISI assumed coverage on shares of Aflac in a research report on Wednesday, July 6th. They issued a “sell” rating and a $63.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Aflac has an average rating of “Hold” and an average price target of $69.46.
In other news, insider Audrey B. Tillman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total value of $110,970.00. Following the completion of the transaction, the insider now owns 33,958 shares of the company’s stock, valued at $2,512,212.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robin Y. Wilkey sold 3,065 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $70.23, for a total value of $215,254.95. Following the completion of the transaction, the vice president now directly owns 14,299 shares of the company’s stock, valued at approximately $1,004,218.77. The disclosure for this sale can be found here. 3.90% of the stock is owned by 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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