Wagner Bowman Management Corp lessened its holdings in AFLAC Incorporated (NYSE:AFL) by 1.9% during the second quarter, HoldingsChannel reports. The firm owned 10,587 shares of the financial services provider’s stock after selling 200 shares during the quarter. Wagner Bowman Management Corp’s holdings in AFLAC were worth $580,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Moors & Cabot Inc. boosted its holdings in shares of AFLAC by 1.9% during the 2nd quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 191 shares in the last quarter. Exeter Financial LLC boosted its holdings in shares of AFLAC by 0.3% during the 2nd quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock valued at $4,073,000 after acquiring an additional 197 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of AFLAC by 1.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 200 shares in the last quarter. Smith Salley & Associates boosted its holdings in shares of AFLAC by 3.2% during the 2nd quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 213 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of AFLAC by 0.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 83,461 shares of the financial services provider’s stock valued at $4,173,000 after acquiring an additional 219 shares in the last quarter. 66.51% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Joseph L. Moskowitz sold 2,750 shares of AFLAC stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $52.02, for a total value of $143,055.00. Following the completion of the transaction, the director now directly owns 15,290 shares of the company’s stock, valued at approximately $795,385.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Koji Ariyoshi sold 63,703 shares of AFLAC stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $52.20, for a total value of $3,325,296.60. Following the completion of the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,980 shares of company stock worth $4,500,870 over the last ninety days. Company insiders own 1.30% of the company’s stock.
AFL traded up $0.58 during midday trading on Friday, hitting $52.65. 2,554,700 shares of the company were exchanged, compared to its average volume of 3,478,103. The firm has a market capitalization of $37.97 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.85 and a beta of 0.71. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.18. The firm’s 50 day moving average price is $54.47 and its 200-day moving average price is $51.52. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.46 billion. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, sell-side analysts predict that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s payout ratio is presently 25.96%.
Several equities research analysts recently weighed in on AFL shares. UBS Group cut their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, April 30th. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective on the stock. in a report on Tuesday, July 16th. Barclays lifted their target price on AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 22nd. Finally, Raymond James downgraded AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price on the stock. in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. AFLAC has a consensus rating of “Hold” and an average price target of $52.62.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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