Crawford Investment Counsel Inc. Has $1.26 Million Position in Aflac Incorporated (AFL)
Crawford Investment Counsel Inc. reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 77.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,185 shares of the financial services provider’s stock after selling 57,157 shares during the period. Crawford Investment Counsel Inc.’s holdings in Aflac were worth $1,257,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in AFL. Xact Kapitalforvaltning AB increased 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 worth $6,280,000 after buying an additional 2,237 shares during the last quarter. Trust Co. of Vermont increased 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 worth $1,343,000 after buying an additional 92 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $2,156,000 after buying an additional 6,383 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new stake in Aflac during the second quarter worth $531,000. Finally, Swiss National Bank increased its stake in Aflac by 26.6% in the first quarter. Swiss National Bank now owns 1,445,995 shares of the financial services provider’s stock worth $104,719,000 after buying an additional 304,200 shares during the last quarter. Institutional investors own 65.63% of the company’s stock.
Shares of Aflac Incorporated (AFL) opened at 82.55 on Friday. The company has a market cap of $32.63 billion, a PE ratio of 12.48 and a beta of 0.99. The company has a 50 day moving average of $79.86 and a 200 day moving average of $75.71. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $82.70.
Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.20. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 EPS. On average, analysts expect that Aflac Incorporated will post $6.69 EPS for the current year.
Aflac declared that its board has initiated a share repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, August 21st. Aflac’s payout ratio is presently 25.94%.
AFL has been the subject of a number of analyst reports. UBS AG reiterated an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Friday, June 2nd. Barclays PLC boosted their price objective on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Bank of America Corporation upgraded shares of Aflac from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $78.00 in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $66.00 price objective on shares of Aflac in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Aflac has an average rating of “Hold” and an average price target of $76.50.
In other Aflac news, Director Karole Lloyd bought 1,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 7,253 shares in the company, valued at $558,553.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kriss Cloninger III sold 3,500 shares of Aflac stock in a transaction on Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the completion of the transaction, the president now owns 253,196 shares in the company, valued at approximately $20,524,067.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,203 shares of company stock worth $18,612,224. 3.00% of the stock is owned by corporate 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.
Receive News & Stock Ratings for Aflac Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac Incorporated and related stocks with our FREE daily email newsletter.