Aflac Incorporated (NYSE:AFL) Shares Sold by Honkamp Krueger Financial Services Inc.
Honkamp Krueger Financial Services Inc. lowered its position in Aflac Incorporated (NYSE:AFL) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,318 shares of the financial services provider’s stock after selling 792 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Aflac were worth $957,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC raised its position in shares of Aflac by 16.3% in the first quarter. Regentatlantic Capital LLC now owns 23,685 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 3,320 shares in the last quarter. Private Trust Co. NA raised its position in shares of Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock worth $365,000 after buying an additional 42 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Aflac during the first quarter worth approximately $209,000. BKD Wealth Advisors LLC raised its position in shares of Aflac by 0.9% in the first quarter. BKD Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $267,000 after buying an additional 34 shares in the last quarter. Finally, American National Bank raised its position in shares of Aflac by 87.1% in the first quarter. American National Bank now owns 167,736 shares of the financial services provider’s stock worth $11,924,000 after buying an additional 78,070 shares in the last quarter. 64.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Aflac Incorporated (AFL) opened at 80.75 on Friday. The company has a market capitalization of $31.91 billion, a PE ratio of 12.21 and a beta of 0.99. The firm’s 50-day moving average is $78.72 and its 200 day moving average is $74.57. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $81.80.
Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. On average, analysts anticipate that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.
Aflac announced that its board has authorized a share buyback program on Tuesday, August 8th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s dividend payout ratio is 25.94%.
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A number of research analysts have recently commented on the stock. Barclays PLC upped their price objective on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research report on Friday. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. FBR & Co reaffirmed a “market perform” rating and set a $80.00 price objective (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 price objective on shares of Aflac in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $76.50.
In other Aflac news, insider Teresa L. White sold 11,314 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total transaction of $882,605.14. Following the sale, the insider now directly owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Kriss Cloninger III sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the sale, the president now directly owns 241,646 shares in the company, valued at $18,780,727.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,203 shares of company stock valued at $18,612,224. 3.00% of the stock is owned by corporate insiders.
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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