Aviance Capital Management LLC increased its position in shares of Aflac Inc. (NYSE:AFL) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 5,207 shares of the company’s stock after buying an additional 186 shares during the period. Aviance Capital Management LLC’s holdings in Aflac were worth $376,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Aflac by 1,088.1% in the first quarter. Wellington Management Group LLP now owns 896,658 shares of the company’s stock worth $56,615,000 after buying an additional 821,189 shares during the period. AXA raised its stake in Aflac by 105.1% in the first quarter. AXA now owns 1,028,386 shares of the company’s stock worth $64,933,000 after buying an additional 526,893 shares during the period. Orbis Allan Gray Ltd bought a new stake in Aflac during the first quarter worth $25,991,000. Bank of Montreal Can bought a new stake in Aflac during the second quarter worth $28,712,000. Finally, Artemis Investment Management LLP raised its stake in Aflac by 308.9% in the second quarter. Artemis Investment Management LLP now owns 470,600 shares of the company’s stock worth $33,956,000 after buying an additional 355,500 shares during the period. 62.90% of the stock is owned by institutional investors.
Aflac Inc. (NYSE:AFL) traded up 0.56% on Tuesday, hitting $72.42. The company’s stock had a trading volume of 1,338,661 shares. The firm has a 50 day moving average of $72.87 and a 200 day moving average of $69.79. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 11.91 and a beta of 1.30. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.03. The firm earned $5.44 billion during the quarter, compared to analyst estimates of $5.45 billion. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 earnings per share. Equities research analysts forecast that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.26%. Aflac’s payout ratio is 26.93%.
AFL has been the subject of a number of recent research reports. Evercore ISI initiated coverage on Aflac in a research note on Wednesday, July 6th. They issued a “sell” rating and a $63.00 target price for the company. Wells Fargo & Co. initiated coverage on Aflac in a research note on Friday. They issued a “market perform” rating for the company. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Aflac in a research note on Wednesday, July 6th. Finally, FBR & Co reissued a “hold” rating on shares of Aflac in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.46.
In related news, VP Koji Ariyoshi sold 57,413 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now owns 15,956 shares of the company’s stock, valued at approximately $1,167,979.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Rimer sold 3,650 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $71.74, for a total transaction of $261,851.00. Following the completion of the transaction, the director now directly owns 15,910 shares of the company’s stock, valued at approximately $1,141,383.40. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
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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