Whitnell & Co. Trims Stock Holdings in AFLAC Incorporated (NYSE:AFL)

Whitnell & Co. lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,357 shares of the financial services provider’s stock after selling 199 shares during the quarter. AFLAC comprises approximately 1.4% of Whitnell & Co.’s portfolio, making the stock its 22nd biggest position. Whitnell & Co.’s holdings in AFLAC were worth $4,100,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. raised its position in AFLAC by 1.9% in the second quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 191 shares in the last quarter. Corient Capital Partners LLC raised its position in AFLAC by 2.6% in the second quarter. Corient Capital Partners LLC now owns 7,638 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 192 shares in the last quarter. Exeter Financial LLC raised its position in AFLAC by 0.3% in the second quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock worth $4,073,000 after acquiring an additional 197 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in AFLAC by 1.6% in the second quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 200 shares in the last quarter. Finally, Smith Salley & Associates raised its position in AFLAC by 3.2% in the second quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

AFLAC stock traded down $0.01 during trading hours on Friday, hitting $54.14. The stock had a trading volume of 1,826,377 shares, compared to its average volume of 3,200,341. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $38.86 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.16 and a beta of 0.71. AFLAC Incorporated has a 1-year low of $41.88 and a 1-year high of $57.18. The stock’s fifty day moving average is $52.59 and its two-hundred day moving average is $52.64.

AFLAC (NYSE:AFL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.09. The company had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.52 billion. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. AFLAC’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, sell-side analysts anticipate that AFLAC Incorporated will post 4.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, November 19th. AFLAC’s dividend payout ratio (DPR) is 25.96%.

Several research analysts have issued reports on AFL shares. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Barclays cut their price objective on AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Evercore ISI cut AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective for the company. in a research report on Tuesday, July 16th. UBS Group increased their price objective on AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley increased their price objective on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $53.73.

In related news, Director Toshihiko Fukuzawa sold 1,500 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $52.00, for a total transaction of $78,000.00. Following the sale, the director now owns 11,349 shares of the company’s stock, valued at $590,148. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Karole Lloyd acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average cost of $54.08 per share, for a total transaction of $54,080.00. Following the purchase, the director now owns 28,181 shares of the company’s stock, valued at $1,524,028.48. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

AFLAC Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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