106,559 Shares in Aflac Incorporated $AFL Bought by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in Aflac Incorporated (NYSE:AFL) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 106,559 shares of the financial services provider’s stock, valued at approximately $11,691,000.

Other institutional investors have also made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Aflac by 0.4% during the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 91 shares during the period. Root Financial Partners LLC lifted its position in Aflac by 4.5% in the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 92 shares during the period. CENTRAL TRUST Co boosted its stake in Aflac by 0.5% during the fourth quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider’s stock worth $2,105,000 after buying an additional 95 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Aflac by 1.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock worth $902,000 after buying an additional 95 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its holdings in Aflac by 0.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 11,923 shares of the financial services provider’s stock valued at $1,315,000 after buying an additional 96 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $116.54, for a total value of $1,441,599.80. Following the completion of the sale, the director owned 33,310 shares of the company’s stock, valued at approximately $3,881,947.40. This represents a 27.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the completion of the sale, the insider owned 50,898,490 shares of the company’s stock, valued at approximately $5,940,362,767.90. This represents a 0.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 744,916 shares of company stock valued at $87,118,632. 0.80% of the stock is currently owned by company insiders.

Aflac Trading Down 0.6%

Shares of NYSE AFL opened at $123.98 on Tuesday. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $125.93. The company has a market cap of $63.10 billion, a PE ratio of 14.07, a P/E/G ratio of 1.92 and a beta of 0.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $118.00 and a two-hundred day moving average of $113.83.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. As a group, equities analysts expect that Aflac Incorporated will post 7.07 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. Aflac’s dividend payout ratio is 27.70%.

Wall Street Analyst Weigh In

AFL has been the subject of several recent research reports. Barclays dropped their price target on shares of Aflac from $99.00 to $98.00 and set an “underweight” rating for the company in a research report on Tuesday, July 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $108.00 price objective (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. Keefe, Bruyette & Woods increased their target price on Aflac from $115.00 to $120.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Mizuho set a $112.00 price target on Aflac in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $114.50.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.