Aflac Incorporated (AFL) Position Reduced by Perkins Capital Management Inc.
Perkins Capital Management Inc. cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 15,300 shares of the financial services provider’s stock after selling 500 shares during the period. Aflac accounts for about 1.3% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Perkins Capital Management Inc.’s holdings in Aflac were worth $1,189,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. CWM LLC boosted its stake in Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock valued at $101,000 after buying an additional 100 shares during the period. Harfst & Associates Inc. acquired a new stake in Aflac during the first quarter valued at approximately $128,000. Washington Trust Bank boosted its stake in Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after buying an additional 16 shares during the period. Quadrant Capital Group LLC boosted 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, Sit Investment Associates Inc. boosted its stake in Aflac by 1.8% in the second quarter. Sit Investment Associates Inc. now owns 2,137 shares of the financial services provider’s stock valued at $166,000 after buying an additional 37 shares during the period. Institutional investors own 64.64% of the company’s stock.
Shares of Aflac Incorporated (NYSE AFL) opened at 81.24 on Wednesday. The stock has a market cap of $32.17 billion, a PE ratio of 12.28 and a beta of 0.99. The stock’s 50 day moving average price is $78.32 and its 200-day moving average price is $74.16. Aflac Incorporated has a one year low of $66.50 and a one year high of $81.58.
Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm posted $1.65 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.
The company 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. This represents a $1.72 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s payout ratio is currently 25.94%.
AFL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, April 17th. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $77.50 price target for the company in a report on Tuesday, April 18th. ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Barclays PLC lifted their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Deutsche Bank AG lifted their price target on Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Aflac presently has an average rating of “Hold” and a consensus target price of $75.95.
In other Aflac news, insider Paul S. Amos II sold 222,889 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $77.40, for a total value of $17,251,608.60. Following the transaction, the insider now directly owns 329,540 shares of the company’s stock, valued at approximately $25,506,396. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Karole Lloyd bought 1,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was purchased at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the transaction, the director now owns 7,253 shares in the company, valued at $558,553.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 240,203 shares of company stock worth $18,612,224. 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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