Aflac Inc. (AFL) Stake Raised by Rehmann Capital Advisory Group
Rehmann Capital Advisory Group raised its position in Aflac Inc. (NYSE:AFL) by 22.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,807 shares of the company’s stock after buying an additional 885 shares during the period. Rehmann Capital Advisory Group’s holdings in Aflac were worth $347,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AFL. BlackRock Institutional Trust Company N.A. raised its stake in Aflac by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,107,724 shares of the company’s stock worth $701,342,000 after buying an additional 159,120 shares during the period. Nordea Investment Management AB raised its stake in Aflac by 3.1% in the second quarter. Nordea Investment Management AB now owns 6,665,900 shares of the company’s stock worth $481,011,000 after buying an additional 197,448 shares during the period. Geode Capital Management LLC raised its stake in Aflac by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,505,561 shares of the company’s stock worth $220,904,000 after buying an additional 44,049 shares during the period. BlackRock Group LTD raised its stake in Aflac by 3.3% in the first quarter. BlackRock Group LTD now owns 3,276,975 shares of the company’s stock worth $206,907,000 after buying an additional 104,329 shares during the period. Finally, Franklin Resources Inc. raised its stake in Aflac by 0.6% in the first quarter. Franklin Resources Inc. now owns 3,025,146 shares of the company’s stock worth $191,008,000 after buying an additional 16,881 shares during the period. Institutional investors own 62.75% of the company’s stock.
Shares of Aflac Inc. (NYSE:AFL) traded up 0.60% during mid-day trading on Tuesday, reaching $72.45. 1,435,320 shares of the company were exchanged. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 11.91 and a beta of 1.30. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50. The company’s 50-day moving average is $72.80 and its 200 day moving average is $69.35.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. Aflac’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. Analysts predict that Aflac Inc. will post $6.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th were given a dividend of $0.41 per share. The ex-dividend date was Monday, August 22nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.26%. Aflac’s dividend payout ratio (DPR) is 26.93%.
A number of equities research analysts have issued reports on AFL shares. Deutsche Bank AG increased their target price on shares of Aflac from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Sandler O’Neill lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Evercore ISI started coverage on shares of Aflac in a report on Wednesday, July 6th. They set a “sell” rating and a $63.00 target price on the stock. FBR & Co lowered shares of Aflac from an “outperform” rating to a “market perform” rating and set a $68.00 target price on the stock. in a report on Thursday, May 26th. They noted that the move was a valuation call. Finally, Vetr lowered shares of Aflac from a “hold” rating to a “sell” rating and set a $70.50 target price on the stock. in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $69.46.
In other news, VP Robin Y. Wilkey sold 3,065 shares of the business’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $70.23, for a total transaction of $215,254.95. Following the transaction, the vice president now directly owns 14,299 shares of the company’s stock, valued at $1,004,218.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Koji Ariyoshi sold 3,886 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $73.20, for a total transaction of $284,455.20. Following the transaction, the vice president now directly owns 39,841 shares in the company, valued at $2,916,361.20. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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