Osborn Williams & Donohoe LLC cut its position in shares of Aflac Incorporated (NYSE:AFL) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,065 shares of the financial services provider’s stock after selling 2,053 shares during the period. Aflac makes up 1.2% of Osborn Williams & Donohoe LLC’s holdings, making the stock its 27th biggest holding. Osborn Williams & Donohoe LLC’s holdings in Aflac were worth $6,598,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Bollard Group LLC raised its stake in shares of Aflac by 0.6% in the 2nd quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 14 shares during the period. Washington Trust Bank raised its stake in shares of Aflac by 0.9% in the 2nd quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 16 shares during the period. Balentine LLC raised its stake in shares of Aflac by 0.3% in the 2nd quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 18 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Aflac by 0.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 27 shares during the period. Finally, CWM LLC increased its stake in Aflac by 2.1% during the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 30 shares during the period. 65.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aflac Incorporated (NYSE:AFL) traded up 0.44% during trading on Friday, reaching $84.00. 506,536 shares of the company’s stock were exchanged. The company’s 50-day moving average is $83.07 and its 200 day moving average is $78.75. The stock has a market capitalization of $33.20 billion, a PE ratio of 12.70 and a beta of 0.96. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $85.24.
Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Aflac had a return on equity of 13.06% and a net margin of 12.49%. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business earned $1.74 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts forecast that Aflac Incorporated will post $6.70 earnings per share for the current year.
Aflac announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.45 dividend. This is a positive change from Aflac’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.80 annualized dividend and a yield of 2.15%. Aflac’s dividend payout ratio is presently 24.93%.
Several equities research analysts recently weighed in on AFL shares. Barclays PLC upped their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $78.00 in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Finally, FBR & Co reiterated a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.63.
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In other news, Director Elizabeth J. Hudson sold 1,279 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.76, for a total transaction of $107,129.04. Following the sale, the director now owns 11,075 shares of the company’s stock, valued at $927,642. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Kriss Cloninger III sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.83, for a total value of $2,095,750.00. Following the sale, the president now directly owns 298,646 shares in the company, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. Insiders sold 31,899 shares of company stock worth $2,662,483 in the last three months. Insiders own 3.00% of the company’s stock.
Aflac Company Profile
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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