Rowland & Co. Investment Counsel ADV Has $1.89 Million Stake in Aflac Incorporated (AFL)
Rowland & Co. Investment Counsel ADV grew its position in Aflac Incorporated (NYSE:AFL) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,311 shares of the financial services provider’s stock after purchasing an additional 1,125 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Aflac were worth $1,890,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Keybank National Association OH boosted its stake in Aflac by 242.1% during the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock worth $9,960,000 after acquiring an additional 90,741 shares in the last quarter. New Amsterdam Partners LLC NY bought a new position in Aflac during the second quarter worth $531,000. Coho Partners Ltd. boosted its stake in Aflac by 85.3% during the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock worth $169,881,000 after acquiring an additional 1,006,477 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in Aflac during the second quarter worth $3,306,000. Finally, Aviance Capital Partners LLC boosted its stake in Aflac by 7.2% during the first quarter. Aviance Capital Partners LLC now owns 23,601 shares of the financial services provider’s stock worth $1,709,000 after acquiring an additional 1,577 shares in the last quarter. 65.63% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on AFL. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Citigroup Inc. lowered shares of Aflac from a “neutral” rating to a “sell” rating and cut their target price for the stock from $82.00 to $77.00 in a research note on Tuesday, September 26th. Wells Fargo & Company reissued a “hold” rating and set a $82.00 target price on shares of Aflac in a research note on Thursday, September 28th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC increased their target price on shares of Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.41.
Aflac Incorporated (NYSE:AFL) traded up 0.3159% on Monday, reaching $82.5299. 343,886 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $82.07 and its 200 day moving average price is $77.61. The company has a market cap of $32.62 billion, a PE ratio of 12.4781 and a beta of 0.96. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $84.51.
Aflac (NYSE:AFL) last issued 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. Aflac’s revenue was down .2% on a year-over-year basis. On average, equities analysts expect that Aflac Incorporated will post $6.69 EPS for the current fiscal year.
Aflac declared that its Board of Directors has authorized a share buyback program on Tuesday, August 8th that allows the company to repurchase 40,000,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In other Aflac news, insider James Todd Daniels sold 620 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $81.49, for a total value of $50,523.80. Following the completion of the transaction, the insider now owns 15,454 shares of the company’s stock, valued at approximately $1,259,346.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Kriss Cloninger III sold 3,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.06, for a total value of $283,710.00. Following the completion of the transaction, 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. In the last three months, insiders sold 31,899 shares of company stock valued at $2,662,483. 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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