Aflac Incorporated (AFL) Holdings Raised by Horizon Investments LLC
Horizon Investments LLC raised its holdings in shares of Aflac Incorporated (NYSE:AFL) by 81.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,834 shares of the financial services provider’s stock after purchasing an additional 8,480 shares during the quarter. Horizon Investments LLC’s holdings in Aflac were worth $1,383,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bollard Group LLC grew its position in shares of Aflac by 0.6% in the 2nd quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 14 shares in the last quarter. Washington Trust Bank lifted its holdings in shares of Aflac by 0.9% in the 2nd 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 last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Aflac by 0.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 27 shares during the last quarter. CWM LLC lifted its holdings in shares of Aflac by 2.1% in the 2nd 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 last quarter. Finally, Berkshire Asset Management LLC PA lifted its holdings in shares of Aflac by 0.6% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 5,756 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.
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 completion of the sale, the insider now directly owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Wayne Johnson sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the sale, the director now directly owns 13,733 shares of the company’s stock, valued at $1,147,804.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,314 shares of company stock valued at $1,291,685. 3.00% of the stock is currently owned by insiders.
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AFL has been the topic of several recent research reports. UBS AG reissued an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Friday, June 2nd. Barclays PLC lifted their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Bank of America Corporation cut Aflac from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “sell” rating and issued a $66.00 target price on shares of Aflac in a report on Wednesday, July 12th. 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 stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.41.
Aflac Incorporated (AFL) traded up 0.30% on Friday, hitting $83.88. The stock had a trading volume of 347,543 shares. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 12.68 and a beta of 0.97. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $84.02. The company’s 50 day moving average is $81.36 and its 200-day moving average is $76.68.
Aflac (NYSE:AFL) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. Aflac’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. On average, analysts forecast that Aflac Incorporated will post $6.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s payout ratio is presently 25.94%.
Aflac declared that its board has authorized a share buyback plan on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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