Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,604 shares of the financial services provider’s stock, valued at approximately $358,000.
Several other institutional investors and hedge funds also recently made changes to their positions in AFL. Atwood & Palmer Inc. increased its stake in Aflac by 320.5% in the second quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,000 shares during the period. CWM LLC increased its stake in Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 30 shares during the period. Harfst & Associates Inc. bought a new stake in Aflac in the first quarter valued at about $128,000. Capital Analysts LLC bought a new stake in Aflac during the second quarter worth about $131,000. Finally, Washington Trust Bank grew its stake in Aflac by 0.9% during the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares during the last quarter. 66.42% of the stock is owned by institutional investors and hedge funds.
Shares of Aflac Incorporated (NYSE:AFL) traded down $0.64 during trading hours on Friday, hitting $83.44. 1,181,700 shares of the company were exchanged, compared to its average volume of 1,794,537. Aflac Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $85.70. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $33,056.02, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business posted $1.74 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. equities analysts predict that Aflac Incorporated will post 6.76 earnings per share for the current year.
Aflac declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 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 of directors believes its stock is undervalued.
The firm also recently announced 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 is Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. This is an increase from Aflac’s previous quarterly dividend of $0.43. Aflac’s dividend payout ratio (DPR) is 24.93%.
Several brokerages have weighed in on AFL. B. Riley reaffirmed a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Thursday, September 21st. Finally, Barclays PLC increased their price target on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Aflac currently has an average rating of “Hold” and an average price target of $79.63.
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In related news, President Kriss Cloninger III sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the transaction, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the transaction, the insider now directly owns 15,454 shares of the company’s stock, valued at approximately $1,259,346.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,709 shares of company stock valued at $2,404,680. 3.00% of the stock is owned by 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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