Swiss National Bank Buys 19,800 Shares of Aflac Incorporated (AFL)
Swiss National Bank raised its stake in Aflac Incorporated (NYSE:AFL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,465,795 shares of the financial services provider’s stock after buying an additional 19,800 shares during the period. Swiss National Bank owned about 0.37% of Aflac worth $113,863,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Physicians Financial Services Inc. raised its position in Aflac by 2.1% in the first quarter. Physicians Financial Services Inc. now owns 4,900 shares of the financial services provider’s stock valued at $355,000 after buying an additional 100 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Aflac by 58.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the financial services provider’s stock valued at $35,486,000 after buying an additional 180,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in Aflac by 14.8% in the first quarter. Russell Investments Group Ltd. now owns 532,794 shares of the financial services provider’s stock valued at $38,597,000 after buying an additional 68,734 shares in the last quarter. Rand Wealth LLC raised its position in Aflac by 0.6% in the first quarter. Rand Wealth LLC now owns 10,268 shares of the financial services provider’s stock valued at $744,000 after buying an additional 57 shares in the last quarter. Finally, Financial Architects Inc raised its position in Aflac by 21.8% in the first quarter. Financial Architects Inc now owns 6,818 shares of the financial services provider’s stock valued at $494,000 after buying an additional 1,219 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.
Aflac Incorporated (NYSE AFL) opened at 82.90 on Friday. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $83.39. The firm’s 50-day moving average price is $80.00 and its 200-day moving average price is $75.79. The firm has a market cap of $32.76 billion, a P/E ratio of 12.53 and a beta of 0.97.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.20. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. On average, equities research analysts expect that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
Aflac announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.43 per share. The ex-dividend date was Monday, August 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.07%. Aflac’s payout ratio is currently 25.94%.
COPYRIGHT VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/09/02/swiss-national-bank-buys-19800-shares-of-aflac-incorporated-afl.html.
AFL has been the topic of several recent research reports. Zacks Investment Research downgraded Aflac from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Barclays PLC lifted their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. Bank of America Corporation raised Aflac from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a research note on Tuesday, July 4th. Royal Bank Of Canada reissued a “sell” rating and issued a $66.00 price target on shares of Aflac in a research note on Wednesday, July 12th. Finally, FBR & Co reissued a “market perform” rating and issued a $80.00 price target (up previously from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Aflac currently has a consensus rating of “Hold” and an average target price of $76.50.
In related news, Director Karole Lloyd purchased 1,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was bought at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the purchase, the director now directly owns 7,253 shares in the company, valued at approximately $558,553.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kriss Cloninger III sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the sale, the president now owns 241,646 shares of the company’s stock, valued at approximately $18,780,727.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,203 shares of company stock valued at $18,612,224. 3.00% of the stock is currently owned by company 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.