Quantitative Systematic Strategies LLC acquired a new position in shares of Aflac Inc. (NYSE:AFL) during the second quarter, Holdings Channel reports. The fund acquired 14,153 shares of the company’s stock, valued at approximately $992,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in AFL. Quadrant Capital Group LLC boosted its position in shares of Aflac by 1.7% in the second quarter. Quadrant Capital Group LLC now owns 2,384 shares of the company’s stock worth $166,000 after buying an additional 40 shares during the period. Rothschild Investment Corp IL boosted its position in shares of Aflac by 1.2% in the second quarter. Rothschild Investment Corp IL now owns 3,643 shares of the company’s stock worth $263,000 after buying an additional 43 shares during the period. Brookstone Capital Management boosted its position in shares of Aflac by 2.1% in the second quarter. Brookstone Capital Management now owns 3,237 shares of the company’s stock worth $234,000 after buying an additional 68 shares during the period. Mariner Wealth Advisors LLC boosted its position in shares of Aflac by 2.4% in the first quarter. Mariner Wealth Advisors LLC now owns 4,494 shares of the company’s stock worth $284,000 after buying an additional 107 shares during the period. Finally, Stokes & Hubbell Capital Management LLC boosted its position in shares of Aflac by 1.9% in the second quarter. Stokes & Hubbell Capital Management LLC now owns 5,958 shares of the company’s stock worth $430,000 after buying an additional 109 shares during the period. 62.89% of the stock is currently owned by hedge funds and other institutional investors.
Aflac Inc. (NYSE:AFL) traded up 0.63% during trading on Monday, hitting $71.83. 567,385 shares of the stock traded hands. The firm has a market cap of $29.42 billion, a PE ratio of 11.81 and a beta of 1.33. The firm has a 50-day moving average price of $72.66 and a 200 day moving average price of $70.21. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the previous year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Aflac Inc. will post $6.85 EPS for the current fiscal year.
A number of research firms have recently weighed in on AFL. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 target price for the company in a report on Monday, June 27th. Deutsche Bank AG increased their target price on shares of Aflac from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG began coverage on shares of Aflac in a report on Friday. They set an “underperform” rating and a $75.00 target price for the company. Finally, FBR & Co reiterated a “hold” rating on shares of Aflac in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.88.
In other news, VP Koji Ariyoshi sold 57,413 shares of the business’s 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 sale, the vice president now directly owns 15,956 shares in the company, valued at approximately $1,167,979.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 43,087 shares in the company, valued at $3,166,894.50. The disclosure for this sale can be found here. 3.90% of the stock is currently 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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