Capital Wealth Planning LLC Has $2,765,000 Holdings in Aflac Incorporated (AFL)
Capital Wealth Planning LLC continued to hold its stake in Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,600 shares of the financial services provider’s stock at the close of the 2nd quarter. Capital Wealth Planning LLC’s holdings in Aflac were worth $2,765,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in Aflac by 550.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 53,277 shares of the financial services provider’s stock valued at $3,858,000 after purchasing an additional 45,081 shares during the last quarter. Advisory Services Network LLC acquired a new position in Aflac during the 1st quarter valued at $352,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Aflac by 3.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 65,312 shares of the financial services provider’s stock valued at $4,730,000 after purchasing an additional 2,110 shares during the last quarter. Sentinel Trust Co. LBA raised its stake in Aflac by 14.3% during the 1st quarter. Sentinel Trust Co. LBA now owns 63,554 shares of the financial services provider’s stock valued at $4,602,000 after purchasing an additional 7,971 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in Aflac by 16.4% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,686 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.
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Shares of Aflac Incorporated (NYSE AFL) traded down 0.25% during midday trading on Tuesday, reaching $82.26. 333,610 shares of the company’s stock traded hands. The stock has a market cap of $32.51 billion, a price-to-earnings ratio of 12.44 and a beta of 0.97. The stock has a 50 day moving average of $80.54 and a 200-day moving average of $76.18. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $83.39.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping 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 company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that Aflac Incorporated will post $6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s dividend payout ratio is currently 25.94%.
Aflac declared that its board has approved a share buyback plan on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
AFL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, June 2nd. ValuEngine upgraded shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Barclays PLC upped their target price on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. FBR & Co reiterated a “market perform” rating and set a $80.00 target price (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Finally, Bank of America Corporation upgraded shares of Aflac from an “underperform” rating to a “neutral” rating and upped their target price for the company from $75.00 to $78.00 in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Aflac presently has an average rating of “Hold” and an average price target of $77.32.
In other news, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total transaction of $882,605.14. Following the completion of the sale, the insider now owns 26,847 shares of the company’s stock, valued at $2,094,334.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $283,710.00. Following the sale, the president now directly owns 253,196 shares of the company’s stock, valued at approximately $20,524,067.76. The disclosure for this sale can be found here. Insiders have sold 17,314 shares of company stock valued at $1,360,615 in the last three months. Insiders own 3.00% of the company’s stock.
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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