Nicolet Bankshares Inc. cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,821 shares of the financial services provider’s stock after selling 25 shares during the period. Nicolet Bankshares Inc.’s holdings in Aflac were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AFL. CWM LLC increased its stake in shares of 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 in the last quarter. Washington Trust Bank raised its position 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 last quarter. Harfst & Associates Inc. bought a new position in Aflac during the first quarter valued at $128,000. Sit Investment Associates Inc. raised its position 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 last quarter. Finally, Bollard Group LLC raised its position in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares during the last quarter. Institutional investors own 64.64% of the company’s stock.

Aflac Incorporated (NYSE:AFL) opened at 80.75 on Friday. The stock has a 50 day moving average of $78.72 and a 200-day moving average of $74.57. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $81.80. The company has a market capitalization of $31.91 billion, a price-to-earnings ratio of 12.21 and a beta of 0.99.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. On average, equities research analysts anticipate that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.

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 paid a dividend of $0.43 per share. The ex-dividend date is Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.13%. Aflac’s dividend payout ratio (DPR) is presently 25.94%.

Aflac declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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Several equities analysts recently weighed in on the stock. Barclays PLC increased their price target 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 upgraded 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 restated a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $66.00 price target on shares of Aflac in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.50.

In related news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the purchase, the director now owns 7,253 shares in the company, valued at approximately $558,553.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 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 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 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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