Northpointe Capital LLC Invests $2,681,000 in Aflac Inc. (AFL)
Northpointe Capital LLC acquired a new position in shares of Aflac Inc. (NYSE:AFL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 37,149 shares of the company’s stock, valued at approximately $2,681,000.
Other large investors have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Aflac by 38.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,658 shares of the company’s stock worth $5,661,000 after buying an additional 24,733 shares during the period. Franklin Resources Inc. boosted its stake in shares of 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. BlackRock Group LTD boosted its stake in shares of 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. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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. Finally, Columbia Partners L L C Investment Management boosted its stake in shares of Aflac by 1.4% in the first quarter. Columbia Partners L L C Investment Management now owns 16,312 shares of the company’s stock worth $1,029,000 after buying an additional 232 shares during the period. 62.90% of the stock is owned by institutional investors.
Shares of Aflac Inc. (NYSE:AFL) traded up 0.24% on Thursday, hitting $72.07. 1,197,572 shares of the company traded hands. The firm’s 50-day moving average is $72.70 and its 200 day moving average is $70.14. Aflac Inc. has a 1-year low of $54.57 and a 1-year high of $74.50. The firm has a market capitalization of $29.52 billion, a P/E ratio of 11.85 and a beta of 1.33.
Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.03. The firm earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. On average, analysts anticipate that Aflac Inc. will post $6.85 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on AFL shares. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price objective for the company in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Evercore ISI assumed coverage on shares of Aflac in a report on Wednesday, July 6th. They set a “sell” rating and a $63.00 price target for the company. Deutsche Bank AG upped their price target on shares of Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $69.46.
In other Aflac news, VP Koji Ariyoshi sold 57,413 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $73.20, for a total value of $4,202,631.60. Following the completion of the transaction, the vice president now directly owns 15,956 shares in the company, valued at $1,167,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Audrey B. Tillman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total transaction of $110,970.00. Following the completion of the transaction, the insider now owns 33,958 shares of the company’s stock, valued at $2,512,212.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
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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