Calamos Advisors LLC raised its position in shares of Aflac Inc. (NYSE:AFL) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 37,561 shares of the company’s stock after buying an additional 13 shares during the period. Calamos Advisors LLC’s holdings in Aflac were worth $2,710,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Aflac by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,107,724 shares of the company’s stock worth $701,342,000 after buying an additional 159,120 shares during the period. Nordea Investment Management AB boosted its stake in Aflac by 3.1% in the second quarter. Nordea Investment Management AB now owns 6,665,900 shares of the company’s stock worth $481,011,000 after buying an additional 197,448 shares during the period. Geode Capital Management LLC boosted its stake in Aflac by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,505,561 shares of the company’s stock worth $220,904,000 after buying an additional 44,049 shares during the period. BlackRock Group LTD boosted its stake in Aflac by 3.3% in the first quarter. BlackRock Group LTD now owns 3,276,975 shares of the company’s stock worth $206,907,000 after buying an additional 104,329 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Aflac by 0.6% in the first quarter. Franklin Resources Inc. now owns 3,025,146 shares of the company’s stock worth $191,008,000 after buying an additional 16,881 shares during the period. Hedge funds and other institutional investors own 62.90% of the company’s stock.
Shares of 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. The stock has a 50 day moving average of $72.74 and a 200 day moving average of $70.07. The company has a market capitalization of $29.31 billion, a P/E ratio of 11.77 and a beta of 1.33. Aflac Inc. has a 1-year low of $54.57 and a 1-year high of $74.50.
Aflac (NYSE:AFL) last issued its quarterly earnings results 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 firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. The company’s 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.
AFL has been the subject of a number of analyst reports. Deutsche Bank AG lifted their target price on shares of Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Evercore ISI assumed coverage on shares of Aflac in a research note on Wednesday, July 6th. They issued a “sell” rating and a $63.00 price objective for the company. 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 note on Tuesday, July 12th. Wells Fargo & Co. assumed coverage on shares of Aflac in a research note on Friday, September 23rd. They issued a “market perform” rating for the company. Finally, Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.46.
In other news, VP Koji Ariyoshi sold 57,413 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $73.20, for a total transaction of $4,202,631.60. Following the completion of the sale, the vice president now owns 15,956 shares in the company, valued at $1,167,979.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Rimer sold 3,650 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $71.74, for a total value of $261,851.00. Following the sale, the director now 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 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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