Robeco Institutional Asset Management B.V. Raises Position in Aflac Inc. (AFL)
Robeco Institutional Asset Management B.V. raised its position in shares of Aflac Inc. (NYSE:AFL) by 48.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 339,091 shares of the company’s stock after buying an additional 110,113 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Aflac worth $24,370,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Global X Management Co. LLC raised its position in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock worth $112,000 after buying an additional 1,492 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares during the period. Oakworth Capital Inc. raised its position in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock worth $127,000 after buying an additional 705 shares during the period. Trust Department MB Financial Bank N A raised its position in shares of 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 worth $135,000 after buying an additional 1,617 shares during the period. Finally, Capital Analysts LLC raised its position in shares of Aflac by 159.4% in the second quarter. Capital Analysts LLC now owns 4,033 shares of the company’s stock worth $159,000 after buying an additional 2,478 shares during the period. 62.37% of the stock is owned by institutional investors and hedge funds.
Aflac Inc. (NYSE:AFL) traded up 0.27% during trading on Wednesday, reaching $71.47. 218,659 shares of the company’s stock were exchanged. The stock has a market capitalization of $29.17 billion, a price-to-earnings ratio of 11.33 and a beta of 1.07. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50. The company’s 50 day moving average price is $70.67 and its 200-day moving average price is $71.36.
Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.08. The company had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. On average, equities analysts expect that Aflac Inc. will post $6.95 EPS for the current 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 paid a $0.43 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.41%. This is a boost from Aflac’s previous quarterly dividend of $0.41. Aflac’s payout ratio is currently 27.30%.
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AFL has been the topic of a number of recent analyst reports. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 price target on the stock in a research note on Monday, October 17th. FBR & Co restated a “hold” rating on shares of Aflac in a research report on Friday, October 28th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Wells Fargo & Co. began coverage on shares of Aflac in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. Finally, Credit Suisse Group AG began coverage on shares of Aflac in a research report on Friday, October 7th. They set an “underperform” rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.21.
In other news, insider Teresa L. White sold 35,734 shares of Aflac stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $74.28, for a total value of $2,654,321.52. Following the transaction, the insider now directly owns 29,633 shares of the company’s stock, valued at $2,201,139.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,385,916.00. Following the completion of the transaction, 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.
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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