Colonial River Wealth Management LLC acquired a new stake in Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,888 shares of the financial services provider’s stock, valued at approximately $209,000.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Aflac by 5.6% in the second quarter. BlackRock Inc. now owns 47,236,620 shares of the financial services provider’s stock valued at $2,534,717,000 after acquiring an additional 2,524,018 shares during the period. FMR LLC lifted its position in Aflac by 23.2% during the second quarter. FMR LLC now owns 13,078,141 shares of the financial services provider’s stock worth $701,774,000 after purchasing an additional 2,466,836 shares during the period. Geode Capital Management LLC increased its stake in shares of Aflac by 16.3% in the second quarter. Geode Capital Management LLC now owns 12,004,727 shares of the financial services provider’s stock valued at $642,491,000 after buying an additional 1,685,100 shares during the period. LSV Asset Management increased its stake in shares of Aflac by 5.3% in the second quarter. LSV Asset Management now owns 6,920,526 shares of the financial services provider’s stock valued at $371,355,000 after buying an additional 345,304 shares during the period. Finally, Maj Invest Holding A S increased its stake in shares of Aflac by 0.9% in the second quarter. Maj Invest Holding A S now owns 6,417,141 shares of the financial services provider’s stock valued at $344,343,000 after buying an additional 59,337 shares during the period. 66.29% of the stock is owned by institutional investors.
Shares of Aflac stock traded up $0.96 on Thursday, reaching $54.92. 42,715 shares of the company’s stock were exchanged, compared to its average volume of 3,295,277. The company has a market capitalization of $36.84 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. Aflac Incorporated has a 52 week low of $33.37 and a 52 week high of $57.64. The firm’s 50-day moving average is $54.97 and its two-hundred day moving average is $54.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.06 and a current ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 18th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Tuesday, August 17th. Aflac’s dividend payout ratio is currently 26.61%.
In related news, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction on Friday, July 30th. The shares were acquired at an average cost of $55.21 per share, for a total transaction of $55,210.00. Following the purchase, the director now owns 37,035 shares in the company, valued at $2,044,702.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Toshihiko Fukuzawa sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $57.30, for a total value of $114,600.00. Following the transaction, the director now owns 11,473 shares in the company, valued at $657,402.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,978 shares of company stock worth $2,108,556. 1.50% of the stock is owned by company insiders.
AFL has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Aflac from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday. increased their target price on shares of Aflac from $46.00 to $47.00 and gave the company a “sell” rating in a research report on Monday, June 21st. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Friday, June 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.
Aflac, Inc is a holding company, which engages in the provision financial protection services. It operates through the Aflac Japan and Aflac United States (U.S.) segments. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
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