Aflac Incorporated (AFL) Shares Bought by Laurion Capital Management LP
Laurion Capital Management LP increased its stake in Aflac Incorporated (NYSE:AFL) by 201.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,000 shares of the financial services provider’s stock after purchasing an additional 125,703 shares during the quarter. Laurion Capital Management LP’s holdings in Aflac were worth $14,604,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. lifted its holdings in Aflac by 320.5% in the second quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,000 shares during the period. CWM LLC lifted its holdings in Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 30 shares during the period. Capital Analysts LLC acquired a new stake in Aflac in the second quarter worth about $131,000. Washington Trust Bank lifted its holdings in Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 16 shares during the period. Finally, Harfst & Associates Inc. acquired a new stake in Aflac in the first quarter worth about $128,000. 65.66% of the stock is owned by institutional investors and hedge funds.
In other Aflac news, President Kriss Cloninger III sold 3,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the transaction, the president now owns 253,196 shares in the company, valued at $20,524,067.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Teresa L. White sold 11,314 shares of the firm’s stock in a transaction dated 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 owns 26,847 shares in the company, valued at approximately $2,094,334.47. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
AFL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $78.00 in a report on Tuesday, July 4th. BidaskClub downgraded shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Barclays PLC upped their price objective on shares of Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Aflac currently has an average rating of “Hold” and an average target price of $77.23.
TRADEMARK VIOLATION NOTICE: This news story was published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/16/aflac-incorporated-afl-shares-bought-by-laurion-capital-management-lp.html.
Aflac Incorporated (NYSE:AFL) traded up 0.85% during mid-day trading on Friday, reaching $82.81. The company’s stock had a trading volume of 2,438,596 shares. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 12.52 and a beta of 0.97. The stock’s 50 day moving average is $81.14 and its 200 day moving average is $76.46. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $83.39.
Aflac (NYSE:AFL) last issued its earnings results 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. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business earned $1.65 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Aflac Incorporated will post $6.69 EPS for the current year.
Aflac declared that its Board of Directors has initiated a share buyback program on Tuesday, August 8th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 25.94%.
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.
Receive News & Ratings for Aflac Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.