Aflac Incorporated (AFL) Shares Bought by Sii Investments Inc. WI
Sii Investments Inc. WI increased its stake in Aflac Incorporated (NYSE:AFL) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 25,407 shares of the financial services provider’s stock after buying an additional 459 shares during the period. Sii Investments Inc. WI’s holdings in Aflac were worth $1,812,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in AFL. Janney Montgomery Scott LLC increased its stake in Aflac by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 68,573 shares of the financial services provider’s stock valued at $4,966,000 after buying an additional 277 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Aflac by 2.6% in the first quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock valued at $6,280,000 after buying an additional 2,237 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Aflac during the first quarter valued at $446,000. Trust Co. of Vermont increased its stake in Aflac by 0.5% in the first quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 92 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Aflac by 27.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock valued at $2,156,000 after buying an additional 6,383 shares in the last quarter. 64.13% of the stock is currently owned by institutional investors.
Aflac Incorporated (AFL) opened at 77.87 on Monday. The firm’s 50-day moving average is $76.01 and its 200-day moving average is $72.67. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $79.86. The firm has a market capitalization of $30.90 billion, a PE ratio of 12.67 and a beta of 0.99.
Aflac (NYSE:AFL) last released its earnings results on Thursday, April 27th. The financial services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the company earned $1.74 earnings per share. Aflac’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Aflac Incorporated will post $6.52 earnings per share for the current year.
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AFL has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Raymond James Financial, Inc. upgraded shares of Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, April 18th. Barclays PLC lifted their price objective on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. Royal Bank Of Canada restated an “underperform” rating and set a $66.00 price objective (up from $62.00) on shares of Aflac in a research note on Monday, May 1st. Finally, Deutsche Bank AG lifted their price objective on shares of Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $75.54.
In other news, Director Karole Lloyd purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was acquired at an average price of $77.01 per share, with a total value of $77,010.00. Following the purchase, the director now directly owns 7,253 shares of the company’s stock, valued at approximately $558,553.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total value of $882,605.14. Following the transaction, the insider now directly owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The disclosure for this sale can be found here. Insiders have sold a total of 236,703 shares of company stock valued at $18,328,514 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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