Breton Hill Capital Ltd. cut its stake in Aflac Incorporated (NYSE:AFL) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,183 shares of the financial services provider’s stock after selling 767 shares during the period. Breton Hill Capital Ltd.’s holdings in Aflac were worth $713,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AFL. Chevy Chase Trust Holdings Inc. raised its stake in Aflac by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 347,629 shares of the financial services provider’s stock valued at $25,175,000 after buying an additional 5,236 shares during the period. Weaver C. Barksdale & Associates Inc. raised its stake in Aflac by 50.4% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 21,405 shares of the financial services provider’s stock valued at $1,550,000 after buying an additional 7,176 shares during the period. Gulf International Bank UK Ltd raised its stake in Aflac by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 127,539 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 1,500 shares during the period. Quadrant Capital Group LLC raised its stake in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the period. Finally, Regentatlantic Capital LLC raised its stake in Aflac by 16.3% in the first quarter. Regentatlantic Capital LLC now owns 23,685 shares of the financial services provider’s stock valued at $1,715,000 after buying an additional 3,320 shares during the period. Hedge funds and other institutional investors own 64.46% of the company’s stock.

Aflac Incorporated (NYSE AFL) traded up 0.23% on Friday, reaching $81.16. 1,141,930 shares of the company’s stock were exchanged. The stock has a market cap of $32.14 billion, a price-to-earnings ratio of 12.27 and a beta of 0.99. Aflac Incorporated has a one year low of $66.50 and a one year high of $81.33. The firm has a 50 day moving average of $78.05 and a 200-day moving average of $74.01.

Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. Aflac’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that Aflac Incorporated will post $6.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be given a $0.43 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.12%. Aflac’s payout ratio is currently 25.94%.

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AFL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Monday, April 17th. Raymond James Financial, Inc. upgraded shares of Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, April 18th. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 price objective for the company in a report on Tuesday, April 18th. 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 report on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of Aflac in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Aflac presently has a consensus rating of “Hold” and an average price target of $75.95.

In other Aflac news, insider Teresa L. White sold 11,314 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total value of $882,605.14. Following the transaction, the insider now owns 26,847 shares of the company’s stock, valued at $2,094,334.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Kriss Cloninger III sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $77.72, for a total transaction of $194,300.00. Following the completion of the transaction, the president now directly owns 241,646 shares in the company, valued at approximately $18,780,727.12. The disclosure for this sale can be found here. Insiders sold 236,703 shares of company stock worth $18,328,514 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

About Aflac

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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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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