Old Mutual Global Investors UK Ltd. cut its stake in shares of Aflac Inc. (NYSE:AFL) by 83.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,185 shares of the company’s stock after selling 135,345 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Aflac were worth $1,889,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in AFL. Orbis Allan Gray Ltd bought a new position in Aflac during the first quarter worth $25,991,000. Legal & General Group Plc boosted its position in Aflac by 0.5% in the first quarter. Legal & General Group Plc now owns 1,912,237 shares of the company’s stock worth $120,747,000 after buying an additional 9,569 shares in the last quarter. Wellington Management Group LLP boosted its position 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. Creative Planning boosted its position in Aflac by 1.5% in the second quarter. Creative Planning now owns 60,900 shares of the company’s stock worth $4,395,000 after buying an additional 895 shares in the last quarter. Finally, Columbia Partners L L C Investment Management boosted its position in Aflac by 1.4% in the first quarter. Columbia Partners L L C Investment Management now owns 16,312 shares of the company’s stock worth $1,029,000 after buying an additional 232 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Aflac Inc. (NYSE:AFL) traded down 1.06% on Friday, hitting $72.74. 1,334,120 shares of the stock traded hands. The firm’s 50-day moving average price is $72.92 and its 200-day moving average price is $69.50. Aflac Inc. has a 12-month low of $54.57 and a 12-month high of $74.50. The stock has a market cap of $29.79 billion, a price-to-earnings ratio of 11.96 and a beta of 1.30.
Aflac (NYSE:AFL) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.03. The business earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. On average, equities research analysts anticipate that Aflac Inc. will post $6.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, August 22nd. Aflac’s dividend payout ratio (DPR) is presently 26.93%.
A number of equities analysts have weighed in on the stock. Wells Fargo & Co. assumed coverage on shares of Aflac in a research report on Friday. They set a “market perform” rating 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 report on Tuesday, July 12th. Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $73.00 price objective (down from $75.00) on shares of Aflac in a research report on Monday, August 1st. Finally, Evercore ISI initiated coverage on shares of Aflac in a research report on Wednesday, July 6th. They issued a “sell” rating and a $63.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Aflac currently has a consensus rating of “Hold” and an average price target of $69.46.
In other news, insider Audrey B. Tillman sold 18,856 shares of Aflac stock in a transaction on Monday, September 12th. The stock was sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the completion of the transaction, the insider now owns 43,087 shares of the company’s stock, valued at approximately $3,166,894.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Audrey B. Tillman sold 1,500 shares of Aflac stock in a transaction 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 transaction, the insider now directly owns 33,958 shares of the company’s stock, valued at approximately $2,512,212.84. 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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