Aflac Incorporated (AFL) Holdings Held by Marco Investment Management LLC
Marco Investment Management LLC maintained its stake in shares of Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 61,720 shares of the financial services provider’s stock at the end of the 2nd quarter. Marco Investment Management LLC’s holdings in Aflac were worth $4,794,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings 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 buying 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 buying an additional 30 shares during the period. Harfst & Associates Inc. purchased a new stake in Aflac in the first quarter worth about $128,000. Capital Analysts LLC purchased a new stake in Aflac in the second quarter worth about $131,000. Finally, 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 buying an additional 16 shares during the period. Institutional investors and hedge funds own 65.63% of the company’s stock.
AFL has been the subject of several research analyst reports. Barclays PLC raised their price objective on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. FBR & Co reaffirmed a “market perform” rating and set a $80.00 target price (up previously from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 target price on shares of Aflac in a research note on Wednesday, July 12th. Bank of America Corporation downgraded shares of Aflac from a “neutral” rating to an “underperform” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $77.41.
Shares of Aflac Incorporated (AFL) traded up 0.37% during midday trading on Friday, hitting $83.94. 1,140,675 shares of the company traded hands. The stock has a market capitalization of $33.18 billion, a P/E ratio of 12.69 and a beta of 0.97. The company has a 50-day moving average price of $81.36 and a 200-day moving average price of $76.68. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.05.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. Aflac’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.
Aflac announced that its board has approved a share buyback plan on Tuesday, August 8th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 23rd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.05%. Aflac’s payout ratio is 25.94%.
In related news, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the completion of the sale, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth J. Hudson sold 1,279 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.76, for a total transaction of $107,129.04. Following the sale, the director now directly owns 11,075 shares of the company’s stock, valued at approximately $927,642. The disclosure for this sale can be found here. Insiders have sold 42,593 shares of company stock valued at $3,494,564 in the last three months. 3.00% of the stock is currently 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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