Physicians Financial Services Inc. Has $373,000 Position in Aflac Incorporated (AFL)
Physicians Financial Services Inc. cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,800 shares of the financial services provider’s stock after selling 100 shares during the period. Physicians Financial Services Inc.’s holdings in Aflac were worth $373,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Aflac by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 68,573 shares of the financial services provider’s stock valued at $4,966,000 after buying an additional 277 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Aflac by 2.6% in the first quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 2,237 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Aflac during the first quarter valued at $446,000. Trust Co. of Vermont raised its stake in Aflac by 0.5% in the first quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 92 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Aflac by 27.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock valued at $2,156,000 after buying an additional 6,383 shares during the last quarter. 64.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aflac Incorporated (NYSE AFL) opened at 81.25 on Tuesday. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $81.80. The company has a 50 day moving average of $78.83 and a 200-day moving average of $74.71. The firm has a market capitalization of $32.11 billion, a P/E ratio of 12.28 and a beta of 0.99.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. Analysts predict that Aflac Incorporated will post $6.67 EPS for the current year.
The business 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 dividend yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio is currently 25.94%.
Aflac declared that its board has approved a share buyback program on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
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Several equities research analysts have recently weighed in on the stock. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 target price on the stock in a report on Tuesday, April 18th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC increased their price objective on shares of Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, 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 report on Monday, April 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $76.50.
In related news, President Kriss Cloninger III sold 2,500 shares of Aflac stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total value of $194,300.00. Following the transaction, the president now directly owns 241,646 shares of the company’s stock, valued at $18,780,727.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total value of $882,605.14. Following the completion of the transaction, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,203 shares of company stock worth $18,612,224. 3.00% of the stock is owned by insiders.
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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