TD Asset Management Inc. raised its stake in Aflac Inc. (NYSE:AFL) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 481,466 shares of the company’s stock after buying an additional 49,150 shares during the period. TD Asset Management Inc. owned 0.12% of Aflac worth $34,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AFL. Global X Management Co. LLC increased its position in Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock valued at $112,000 after buying an additional 1,492 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock valued at $125,000 after buying an additional 588 shares during the last quarter. Oakworth Capital Inc. increased its position in Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock valued at $127,000 after buying an additional 705 shares during the last quarter. Trust Department MB Financial Bank N A increased its position in Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock valued at $135,000 after buying an additional 1,617 shares during the last quarter. Finally, Bollard Group LLC increased its position in Aflac by 645.8% in the third quarter. Bollard Group LLC now owns 2,297 shares of the company’s stock valued at $165,000 after buying an additional 1,989 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Shares of Aflac Inc. (NYSE:AFL) traded up 0.44% during trading on Tuesday, hitting $71.30. 96,236 shares of the company’s stock were exchanged. The company has a market cap of $29.10 billion, a P/E ratio of 11.30 and a beta of 1.07. The company has a 50-day moving average of $70.67 and a 200-day moving average of $71.36. Aflac Inc. has a 12-month low of $54.57 and a 12-month high of $74.50.

Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.74 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 EPS. On average, equities analysts expect that Aflac Inc. will post $6.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be issued a $0.43 dividend. This is an increase from Aflac’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, November 14th. Aflac’s dividend payout ratio is 27.30%.

TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/29/td-asset-management-inc-acquires-49150-shares-of-aflac-inc-afl.html.

AFL has been the topic of several recent analyst reports. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 price objective on the stock in a research report on Tuesday, November 22nd. Zacks Investment Research downgraded 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. Credit Suisse Group AG initiated coverage on shares of Aflac in a research report on Friday, October 7th. They set an “underperform” rating and a $75.00 price objective on the stock. Finally, FBR & Co restated a “hold” rating on shares of Aflac in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $70.21.

In related news, insider Teresa L. White sold 35,734 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $74.28, for a total transaction of $2,654,321.52. Following the sale, the insider now directly owns 29,633 shares of the company’s stock, valued at $2,201,139.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Audrey B. Tillman sold 18,856 shares of the 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 sale, the insider now directly 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.

About Aflac

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.

5 Day Chart for NYSE:AFL

Receive News & Stock Ratings for Aflac Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac Inc. and related stocks with our FREE daily email newsletter.