Seaward Management Limited Partnership continued to hold its stake in Aflac Inc. (NYSE:AFL) during the second quarter, Holdings Channel reports. The institutional investor owned 7,527 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Aflac were worth $543,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AFL. Rothschild Investment Corp IL increased its stake in Aflac by 1.2% in the second quarter. Rothschild Investment Corp IL now owns 3,643 shares of the company’s stock worth $263,000 after buying an additional 43 shares during the last quarter. Brookstone Capital Management increased its position in shares of Aflac by 2.1% in the second quarter. Brookstone Capital Management now owns 3,237 shares of the company’s stock valued at $234,000 after buying an additional 68 shares in the last quarter. Mariner Wealth Advisors LLC increased its position in shares of Aflac by 2.4% in the first quarter. Mariner Wealth Advisors LLC now owns 4,494 shares of the company’s stock valued at $284,000 after buying an additional 107 shares in the last quarter. Stokes & Hubbell Capital Management LLC increased its position in shares of Aflac by 1.9% in the second quarter. Stokes & Hubbell Capital Management LLC now owns 5,958 shares of the company’s stock valued at $430,000 after buying an additional 109 shares in the last quarter. Finally, Cypress Wealth Advisors LLC increased its position in shares of Aflac by 2.7% in the first quarter. Cypress Wealth Advisors LLC now owns 4,340 shares of the company’s stock valued at $274,000 after buying an additional 114 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Shares of Aflac Inc. (NYSE:AFL) traded up 0.03% during mid-day trading on Thursday, reaching $73.52. 1,477,723 shares of the company were exchanged. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50. The company has a market capitalization of $30.11 billion, a price-to-earnings ratio of 12.09 and a beta of 1.30. The firm’s 50-day moving average is $72.90 and its 200-day moving average is $69.41.

Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.03. The firm earned $5.44 billion during 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%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. On average, equities analysts forecast that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 24th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, August 22nd. Aflac’s payout ratio is 26.93%.

Several research analysts recently issued reports on the company. Vetr downgraded Aflac from a “hold” rating to a “sell” rating and set a $70.50 price objective for the company. in a research report on Tuesday, July 12th. Zacks Investment Research downgraded Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $73.00 price objective (down from $75.00) on shares of Aflac in a research report on Monday, August 1st. Evercore ISI assumed coverage on Aflac in a research report on Wednesday, July 6th. They set a “sell” rating and a $63.00 price objective for the company. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Aflac currently has a consensus rating of “Hold” and an average target price of $69.46.

In related news, VP Robin Y. Wilkey sold 3,065 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $70.23, for a total value of $215,254.95. Following the completion of the sale, the vice president now owns 14,299 shares in the company, valued at approximately $1,004,218.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Koji Ariyoshi sold 3,886 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $73.20, for a total transaction of $284,455.20. Following the completion of the sale, the vice president now owns 39,841 shares of the company’s stock, valued at approximately $2,916,361.20. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

About Aflac

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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