Sumitomo Mitsui Trust Holdings Inc. Has $96.66 Million Position in Aflac Incorporated (AFL)
Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Aflac Incorporated (NYSE:AFL) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,187,628 shares of the financial services provider’s stock after selling 23,641 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Aflac worth $96,661,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Aflac in the 2nd quarter worth approximately $358,000. Keybank National Association OH increased its holdings in Aflac by 242.1% in the 2nd 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 purchased a new stake in Aflac in the 2nd quarter worth approximately $531,000. Delta Lloyd Asset Management N.V. purchased a new stake in Aflac in the 2nd quarter worth approximately $3,306,000. Finally, Coho Partners Ltd. increased its holdings in Aflac by 85.3% in the 2nd 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. 66.69% of the stock is owned by institutional investors.
In related news, insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 15,454 shares in the company, valued at $1,259,346.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the sale, the insider now owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,709 shares of company stock valued at $2,404,680. 3.00% of the stock is owned by corporate insiders.
Aflac Incorporated (AFL) traded down $0.13 during midday trading on Friday, hitting $84.31. The stock had a trading volume of 1,335,000 shares, compared to its average volume of 1,786,501. The company has a market cap of $33,070.00, a P/E ratio of 12.53, a P/E/G ratio of 2.50 and a beta of 1.00. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $85.70. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 12.87% and a net margin of 12.49%. Aflac’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. equities analysts expect that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
Aflac announced that its board has authorized a share repurchase program on Tuesday, August 8th that allows the company to repurchase 40,000,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. Aflac’s dividend payout ratio (DPR) is currently 26.12%.
AFL has been the subject of several analyst reports. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, September 5th. Barclays PLC increased their price objective on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Wells Fargo & Company reaffirmed a “hold” rating and set a $82.00 price objective on shares of Aflac in a report on Thursday, September 28th. Finally, The Goldman Sachs Group, Inc. initiated coverage on shares of Aflac in a report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price objective for the company. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Aflac has a consensus rating of “Hold” and a consensus price target of $79.63.
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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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