Lingohr & Partner Asset Management GmbH lowered its stake in shares of AFLAC Incorporated (NYSE:AFL) by 79.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,800 shares of the financial services provider’s stock after selling 37,024 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in AFLAC were worth $422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AFL. Oakworth Capital Inc. grew its stake in AFLAC by 100.0% during the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,215 shares during the last quarter. Smithfield Trust Co. grew its stake in AFLAC by 100.0% during the first quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,260 shares during the last quarter. Omnia Family Wealth LLC grew its stake in AFLAC by 118.8% during the first quarter. Omnia Family Wealth LLC now owns 2,724 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,479 shares during the last quarter. Clarus Wealth Advisors bought a new stake in AFLAC during the second quarter worth about $121,000. Finally, Spectrum Management Group Inc. bought a new stake in AFLAC during the second quarter worth about $122,000. 67.21% of the stock is owned by institutional investors and hedge funds.

In other news, insider Eric M. Kirsch sold 66,447 shares of the company’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $43.31, for a total transaction of $2,877,819.57. Following the transaction, the insider now directly owns 128,796 shares in the company, valued at $5,578,154.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the transaction, the director now owns 17,779 shares in the company, valued at $824,590.02. The disclosure for this sale can be found here. Insiders have sold 69,947 shares of company stock worth $3,040,430 over the last quarter. 3.00% of the stock is owned by company insiders.

Several brokerages have weighed in on AFL. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, August 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of AFLAC in a research note on Wednesday, August 1st. Sandler O’Neill raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, August 1st. ValuEngine cut shares of AFLAC from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, B. Riley upped their price objective on shares of AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and a consensus target price of $47.23.

Shares of AFL stock opened at $47.21 on Friday. AFLAC Incorporated has a 1 year low of $40.55 and a 1 year high of $47.28. The company has a market cap of $35.56 billion, a PE ratio of 13.89, a P/E/G ratio of 1.35 and a beta of 0.94. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.

AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period in the prior year, the business earned $0.92 earnings per share. AFLAC’s quarterly revenue was up 3.0% on a year-over-year basis. research analysts predict that AFLAC Incorporated will post 4.06 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Wednesday, August 22nd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.20%. AFLAC’s payout ratio is 30.59%.

About AFLAC

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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