Aflac Inc. (AFL) Stake Raised by Trillium Asset Management LLC
Trillium Asset Management LLC increased its stake in Aflac Inc. (NYSE:AFL) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,840 shares of the company’s stock after buying an additional 15,442 shares during the period. Aflac comprises about 1.4% of Trillium Asset Management LLC’s holdings, making the stock its 9th largest position. Trillium Asset Management LLC owned approximately 0.07% of Aflac worth $21,059,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Aflac by 38.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,658 shares of the company’s stock worth $5,661,000 after buying an additional 24,733 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Aflac by 15.1% in the first quarter. Rehmann Capital Advisory Group now owns 3,922 shares of the company’s stock worth $248,000 after buying an additional 515 shares in the last quarter. Franklin Resources Inc. increased its position in shares of 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 in the last quarter. BlackRock Group LTD increased its position in shares of 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 62.90% of the company’s stock.
Aflac Inc. (NYSE:AFL) traded down 0.10% during midday trading on Tuesday, hitting $71.50. The stock had a trading volume of 2,665,489 shares. The firm has a 50-day moving average price of $72.74 and a 200-day moving average price of $70.07. The firm has a market capitalization of $29.28 billion, a price-to-earnings ratio of 11.76 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 announced its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm earned $1.50 EPS. Aflac’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac Inc. will post $6.85 earnings per share for the current year.
A number of brokerages have recently weighed in on AFL. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $70.50 target price on the stock in a report on Monday, June 27th. Deutsche Bank AG upped their target price on Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. FBR & Co reiterated a “hold” rating on shares of Aflac in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Aflac currently has an average rating of “Hold” and an average price target of $69.46.
In related news, insider Audrey B. Tillman sold 18,856 shares of Aflac stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $73.50, for a total value of $1,385,916.00. Following the sale, the insider now owns 43,087 shares of the company’s stock, valued at approximately $3,166,894.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Rimer sold 3,650 shares of Aflac 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 completion of the sale, the director now directly owns 15,910 shares in the company, valued at approximately $1,141,383.40. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate 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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