Aflac Incorporated (NYSE:AFL) Stake Maintained by Whittier Trust Co.
Whittier Trust Co. held its stake in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,822 shares of the financial services provider’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Aflac were worth $685,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA increased its stake in Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock worth $365,000 after buying an additional 42 shares during the period. TNB Financial purchased a new position in shares of Aflac during the first quarter worth about $3,138,000. Regentatlantic Capital LLC boosted its position in shares of Aflac by 16.3% in the first quarter. Regentatlantic Capital LLC now owns 23,685 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 3,320 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Aflac by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 127,539 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 1,500 shares during the period. 64.64% of the stock is owned by hedge funds and other institutional investors.
Aflac Incorporated (NYSE AFL) traded down 0.07% during trading on Monday, hitting $81.10. 1,277,131 shares of the company traded hands. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $81.55. The stock has a 50 day moving average price of $78.05 and a 200 day moving average price of $74.01. The company has a market capitalization of $32.12 billion, a P/E ratio of 12.26 and a beta of 0.99.
Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business posted $1.65 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Aflac Incorporated will post $6.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio is currently 25.94%.
A number of analysts have recently commented on AFL shares. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Monday, April 17th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $66.00 price target (up from $62.00) on shares of Aflac in a research report on Monday, May 1st. Raymond James Financial, Inc. raised shares of Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, April 18th. Deutsche Bank AG upped their price target on shares of Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, Barclays PLC upped their price target on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Monday, July 3rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.95.
In other news, President Kriss Cloninger III sold 3,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the sale, the president now directly owns 253,196 shares in the company, valued at $20,524,067.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karole Lloyd purchased 1,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were bought at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the transaction, the director now owns 7,253 shares of the company’s stock, valued at $558,553.53. The disclosure for this purchase can be found here. Insiders sold a total of 240,203 shares of company stock worth $18,612,224 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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