Evanston Investments Inc. dba Evanston Advisors raised its holdings in Aflac Incorporated (NYSE:AFL) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,133 shares of the financial services provider’s stock after purchasing an additional 1,574 shares during the quarter. Aflac accounts for 2.0% of Evanston Investments Inc. dba Evanston Advisors’ holdings, making the stock its 8th largest holding. Evanston Investments Inc. dba Evanston Advisors’ holdings in Aflac were worth $8,322,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Physicians Financial Services Inc. raised its holdings in shares of Aflac by 2.1% in the 1st quarter. Physicians Financial Services Inc. now owns 4,900 shares of the financial services provider’s stock valued at $355,000 after buying an additional 100 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Aflac by 58.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the financial services provider’s stock valued at $35,486,000 after buying an additional 180,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Aflac by 14.8% in the 1st quarter. Russell Investments Group Ltd. now owns 532,794 shares of the financial services provider’s stock valued at $38,597,000 after buying an additional 68,734 shares during the period. Rand Wealth LLC raised its holdings in shares of Aflac by 0.6% in the 1st quarter. Rand Wealth LLC now owns 10,268 shares of the financial services provider’s stock valued at $744,000 after buying an additional 57 shares during the period. Finally, Financial Architects Inc raised its holdings in shares of Aflac by 21.8% in the 1st quarter. Financial Architects Inc now owns 6,818 shares of the financial services provider’s stock valued at $494,000 after buying an additional 1,219 shares during the period. Institutional investors own 65.66% of the company’s stock.
Aflac Incorporated (AFL) opened at 82.81 on Friday. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $83.39. The firm has a market capitalization of $32.73 billion, a PE ratio of 12.52 and a beta of 0.97. The stock’s 50 day moving average price is $81.14 and its 200 day moving average price is $76.46.
Aflac (NYSE:AFL) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Aflac’s revenue was down .2% compared to the same quarter last year. Analysts expect that Aflac Incorporated will post $6.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 23rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 annualized dividend and a yield of 2.08%. Aflac’s dividend payout ratio is currently 25.94%.
Aflac announced that its board has authorized a stock buyback program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In related news, insider Teresa L. White sold 11,314 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total value of $882,605.14. Following the transaction, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Kriss Cloninger III sold 3,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.06, for a total transaction of $283,710.00. Following the completion of the transaction, the president now owns 253,196 shares in the company, valued at $20,524,067.76. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday. Bank of America Corporation downgraded Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. UBS AG reiterated an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Barclays PLC boosted their price objective on Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.23.
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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