Tanaka Capital Management Inc. Purchases 28 Shares of Aflac Incorporated (AFL)
Tanaka Capital Management Inc. increased its position in shares of Aflac Incorporated (NYSE:AFL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,551 shares of the financial services provider’s stock after buying an additional 28 shares during the period. Aflac comprises about 2.9% of Tanaka Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Tanaka Capital Management Inc.’s holdings in Aflac were worth $1,286,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in AFL. Tiedemann Wealth Management LLC purchased a new stake in shares of Aflac during the first quarter worth approximately $262,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Aflac by 3.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the financial services provider’s stock worth $214,000 after buying an additional 110 shares during the period. Lingohr & Partner Asset Management GmbH increased its stake in shares of Aflac by 105.2% during the first quarter. Lingohr & Partner Asset Management GmbH now owns 20,112 shares of the financial services provider’s stock worth $1,457,000 after buying an additional 10,312 shares during the period. United Bank Inc. increased its stake in shares of Aflac by 1.1% during the first quarter. United Bank Inc. now owns 4,713 shares of the financial services provider’s stock worth $341,000 after buying an additional 52 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Aflac by 1.6% during the first quarter. Ameritas Investment Partners Inc. now owns 15,234 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 65.63% of the company’s stock.
A number of analysts recently weighed in on the stock. 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. Royal Bank Of Canada reiterated a “sell” rating and issued a $71.00 price target on shares of Aflac in a research note on Tuesday. ValuEngine upgraded shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company reiterated a “hold” rating and issued a $82.00 price target on shares of Aflac in a research note on Thursday, September 28th. Finally, BidaskClub lowered shares of Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Aflac currently has a consensus rating of “Hold” and a consensus price target of $78.86.
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Shares of Aflac Incorporated (AFL) traded up 0.0185% during trading on Thursday, hitting $83.8955. 512,069 shares of the stock were exchanged. The stock has a market cap of $33.16 billion, a PE ratio of 12.6845 and a beta of 0.96. The stock’s 50 day moving average price is $82.36 and its 200 day moving average price is $77.91. Aflac Incorporated has a one year low of $66.50 and a one year high of $84.51.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, beating 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 the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post $6.69 EPS for the current year.
Aflac declared that its board has initiated a stock 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 buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In related news, President Kriss Cloninger III sold 25,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the completion of the transaction, the president now directly owns 298,646 shares in the company, valued at approximately $25,035,494.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the completion of the transaction, the director now directly owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,899 shares of company stock valued at $2,662,483. 3.00% of the stock is 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.
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