Aflac Inc. (AFL) Shares Bought by Harwood Advisory Group LLC
Harwood Advisory Group LLC raised its stake in Aflac Inc. (NYSE:AFL) by 22.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,374 shares of the company’s stock after buying an additional 6,812 shares during the period. Aflac comprises 2.1% of Harwood Advisory Group LLC’s investment portfolio, making the stock its 17th largest position. Harwood Advisory Group LLC’s holdings in Aflac were worth $2,686,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Management Co. LLC boosted its position in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock valued at $112,000 after buying an additional 1,492 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock valued at $125,000 after buying an additional 588 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock valued at $127,000 after buying an additional 705 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in shares of Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock valued at $135,000 after buying an additional 1,617 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Aflac by 159.4% in the second quarter. Capital Analysts LLC now owns 4,033 shares of the company’s stock valued at $159,000 after buying an additional 2,478 shares in the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.
Shares of Aflac Inc. (NYSE:AFL) traded up 0.14% during trading on Wednesday, hitting $71.38. The company’s stock had a trading volume of 2,149,609 shares. The company has a market cap of $29.13 billion, a PE ratio of 11.32 and a beta of 1.07. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50. The firm’s 50 day moving average price is $70.67 and its 200-day moving average price is $71.38.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, October 27th. The company reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. On average, analysts predict that Aflac Inc. will post $6.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be issued a dividend of $0.43 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.41%. Aflac’s payout ratio is presently 27.30%.
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AFL has been the subject of several research reports. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $74.76 price objective for the company in a research note on Wednesday, November 16th. Wells Fargo & Co. initiated coverage on Aflac in a research note on Friday, September 23rd. They set a “market perform” rating for the company. FBR & Co reiterated a “hold” rating on shares of Aflac in a research note on Friday, October 28th. Credit Suisse Group AG began coverage on Aflac in a research note on Friday, October 7th. They set an “underperform” rating and a $75.00 price objective for the company. Finally, Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.21.
In related news, insider Teresa L. White sold 35,734 shares of Aflac stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $74.28, for a total transaction of $2,654,321.52. Following the transaction, the insider now owns 29,633 shares in the company, valued at approximately $2,201,139.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the completion of the transaction, the insider now owns 43,087 shares in the company, valued at approximately $3,166,894.50. The disclosure for this sale can be found here. Corporate 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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