Commonwealth Bank of Australia lifted its stake in shares of Aflac Incorporated (NYSE:AFL) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,652 shares of the financial services provider’s stock after acquiring an additional 5,323 shares during the quarter. Commonwealth Bank of Australia’s holdings in Aflac were worth $5,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AFL. Parsons Capital Management Inc. RI increased its position in shares of Aflac by 1.0% during the first quarter. Parsons Capital Management Inc. RI now owns 31,719 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 309 shares during the period. Beaumont Financial Partners LLC purchased a new stake in shares of Aflac during the first quarter worth $612,000. Verity & Verity LLC increased its position in shares of Aflac by 12.2% during the first quarter. Verity & Verity LLC now owns 30,855 shares of the financial services provider’s stock worth $2,235,000 after acquiring an additional 3,345 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Aflac by 550.0% during the first quarter. Canada Pension Plan Investment Board now owns 53,277 shares of the financial services provider’s stock worth $3,858,000 after acquiring an additional 45,081 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Aflac during the first quarter worth $352,000. 65.66% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Bank of America Corporation lowered Aflac from a “neutral” rating to an “underperform” rating in a research report on Friday. Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. BidaskClub lowered Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC upped their price objective on Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $77.32.

In other Aflac news, President Kriss Cloninger III sold 3,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the transaction, the president now owns 253,196 shares in the company, valued at approximately $20,524,067.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was purchased at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the acquisition, the director now directly owns 7,253 shares in the company, 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 in the last quarter. 3.00% of the stock is currently owned by company insiders.

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Aflac Incorporated (AFL) opened at 81.18 on Friday. The company has a 50-day moving average price of $80.45 and a 200 day moving average price of $76.08. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 12.27 and a beta of 0.97. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $83.39.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post $6.69 EPS for the current year.

Aflac declared that its Board of Directors has approved a share repurchase program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.12%. Aflac’s dividend payout ratio is currently 25.94%.

Aflac 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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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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