Plimoth Trust Co. LLC reduced its stake in AFLAC Incorporated (NYSE:AFL) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,104 shares of the financial services provider’s stock after selling 515 shares during the period. Plimoth Trust Co. LLC’s holdings in AFLAC were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AFL. Gables Capital Management Inc. boosted its position in AFLAC by 276.9% during the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock worth $25,000 after buying an additional 360 shares during the period. Baystate Wealth Management LLC boosted its position in AFLAC by 203.5% during the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock worth $29,000 after buying an additional 403 shares during the period. Rational Advisors LLC boosted its position in AFLAC by 59.2% during the 1st quarter. Rational Advisors LLC now owns 769 shares of the financial services provider’s stock worth $38,000 after buying an additional 286 shares during the period. Nelson Roberts Investment Advisors LLC acquired a new stake in AFLAC during the 2nd quarter worth approximately $39,000. Finally, C J Advisory Inc acquired a new stake in AFLAC during the 1st quarter worth approximately $42,000. Institutional investors own 65.49% of the company’s stock.

AFLAC stock traded down $2.19 during mid-day trading on Wednesday, hitting $49.67. 269,049 shares of the stock were exchanged, compared to its average volume of 3,448,335. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22. AFLAC Incorporated has a 12 month low of $41.45 and a 12 month high of $57.18. The firm’s fifty day simple moving average is $54.28 and its two-hundred day simple moving average is $51.56. The stock has a market capitalization of $38.98 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 2.92 and a beta of 0.71.

AFLAC (NYSE:AFL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the business earned $1.07 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts forecast that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.08 annualized dividend and a yield of 2.17%. AFLAC’s payout ratio is 25.96%.

In other AFLAC news, Director Joseph L. Moskowitz sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $52.02, for a total transaction of $143,055.00. Following the completion of the transaction, the director now owns 15,290 shares in the company, valued at approximately $795,385.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider June P. Howard sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $52.35, for a total transaction of $209,400.00. Following the transaction, the insider now owns 64,591 shares of the company’s stock, valued at approximately $3,381,338.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,980 shares of company stock valued at $4,500,870. Company insiders own 1.30% of the company’s stock.

AFL has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Evercore ISI downgraded shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a research report on Tuesday, July 16th. Barclays lifted their target price on shares of AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 22nd. Raymond James downgraded shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price on the stock. in a research report on Monday, July 29th. Finally, ValuEngine downgraded shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.57.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, 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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