Monarch Capital Management Inc. lowered its position in Aflac Inc. (NYSE:AFL) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,347 shares of the company’s stock after selling 100 shares during the period. Monarch Capital Management Inc.’s holdings in Aflac were worth $3,344,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in AFL. Wellington Management Group LLP increased 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 in the last quarter. 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 acquired a new stake in shares of Aflac during the first quarter valued at about $25,991,000. Bank of Montreal Can acquired a new stake in shares of Aflac during the second quarter valued at about $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. 62.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aflac Inc. (NYSE:AFL) traded up 0.857% on Friday, hitting $71.215. 730,587 shares of the stock traded hands. The stock has a 50-day moving average price of $72.48 and a 200 day moving average price of $70.39. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 11.711 and a beta of 1.33. Aflac Inc. has a 12-month low of $54.57 and a 12-month high of $74.50.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The company earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period last year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts anticipate that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
Several brokerages have issued reports on AFL. Credit Suisse Group AG began coverage on shares of Aflac in a report on Friday, October 7th. They issued an “underperform” rating and a $75.00 price target on the stock. Wells Fargo & Co. began coverage on shares of Aflac in a report on Friday, September 23rd. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price target (down previously from $75.00) on shares of Aflac in a report on Monday, August 1st. Finally, FBR & Co reaffirmed a “hold” rating on shares of Aflac in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.88.
In other Aflac news, VP Koji Ariyoshi sold 3,886 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $73.20, for a total value of $284,455.20. Following the completion of the transaction, the vice president now directly owns 39,841 shares in the company, valued at $2,916,361.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara K. Rimer sold 3,650 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was 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 owns 15,910 shares of the company’s stock, valued at $1,141,383.40. The disclosure for this sale can be found here. 3.90% of the stock is currently 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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