3 days Ago By ABMN Staff
Zions Bancorporation N.A. trimmed its stake in Aflac Incorporated ( NYSE:AFL – Free Report ) by 23.
5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 780 shares of the financial services provider’s stock after selling 240 shares during the quarter. Zions Bancorporation N.
A.’s holdings in Aflac were worth $70,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors and hedge funds have also recently modified their holdings of the company.
International Assets Investment Management LLC increased its position in Aflac by 8.6% in the fourth quarter. International Assets Investment Management LLC now owns 5,453 shares of the financial services provider’s stock worth $450,000 after buying an additional 433 shares during the last quarter.
Meridian Wealth Management LLC purchased a new stake in Aflac in the 4th quarter worth about $231,000. Brown Advisory Inc. raised its stake in Aflac by 3.
8% in the 4th quarter. Brown Advisory Inc. now owns 25,636 shares of the financial services provider’s stock valued at $2,115,000 after acquiring an additional 932 shares during the period.
Kentucky Retirement Systems lifted its holdings in Aflac by 1.4% during the fourth quarter. Kentucky Retirement Systems now owns 42,549 shares of the financial services provider’s stock valued at $3,510,000 after purchasing an additional 578 shares during the last quarter.
Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Aflac by 1.1% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 18,945 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 206 shares during the last quarter.
67.44% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several equities analysts have recently weighed in on AFL shares.
Wells Fargo & Company lifted their target price on shares of Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th.
UBS Group boosted their target price on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th.
Jefferies Financial Group dropped their target price on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th.
Citigroup lifted their price target on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd.
Finally, Morgan Stanley increased their price objective on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th.
Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.50.
Insider Buying and Selling at Aflac In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.
94, for a total value of $197,880.00. Following the completion of the sale, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.
52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Company insiders own 0.
90% of the company’s stock. Aflac Stock Performance Aflac stock opened at $108.59 on Monday.
Aflac Incorporated has a fifty-two week low of $74.89 and a fifty-two week high of $111.14.
The firm’s fifty day moving average price is $101.04 and its 200-day moving average price is $91.04.
The stock has a market cap of $60.81 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 2.
53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.
29, a quick ratio of 0.10 and a current ratio of 0.10.
Aflac ( NYSE:AFL – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
60 by $0.23. The firm had revenue of $5.
14 billion during the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.
22% and a net margin of 28.35%. The company’s revenue was down .
7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share.
On average, equities research analysts expect that Aflac Incorporated will post 6.75 earnings per share for the current fiscal year. Aflac Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd.
Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.
00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Wednesday, August 21st.
Aflac’s payout ratio is currently 22.08%. Aflac Company Profile ( Free Report ) Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products.
The company operates through Aflac Japan and Aflac U.S. segments.
The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan. Further Reading Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated ( NYSE:AFL – Free Report ).
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