Vaughan David Investments Inc. IL trimmed its position in Aflac Incorporated (NYSE:AFL) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,218 shares of the financial services provider’s stock after selling 1,930 shares during the quarter. Vaughan David Investments Inc. IL owned approximately 0.06% of Aflac worth $20,772,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AFL. Atwood & Palmer Inc. lifted its holdings in shares of 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 in the last quarter. CWM LLC lifted its holdings in shares of 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 in the last quarter. Capital Analysts LLC purchased a new stake in shares of Aflac in the second quarter worth about $131,000. Washington Trust Bank lifted its holdings in shares of 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 in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Aflac in the second quarter worth about $150,000. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
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Aflac Incorporated (AFL) traded down $0.33 during mid-day trading on Friday, hitting $83.98. 872,094 shares of the company’s stock traded hands, compared to its average volume of 1,786,501. The stock has a market capitalization of $32,930.00, a P/E ratio of 12.53, a PEG ratio of 2.50 and a beta of 1.00. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $85.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07.
Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The firm had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. equities analysts forecast that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.45 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.14%. Aflac’s dividend payout ratio (DPR) is currently 26.12%.
Aflac announced that its board has authorized a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages recently weighed in on AFL. Wells Fargo & Company set a $82.00 target price on shares of Aflac and gave the company a “hold” rating in a research note on Wednesday, October 25th. Citigroup Inc. downgraded shares of Aflac from a “neutral” rating to a “sell” rating and lowered their target price for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. The Goldman Sachs Group, Inc. began coverage on shares of Aflac in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price on the stock. Finally, B. Riley reaffirmed a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $79.63.
In other news, insider James Todd Daniels sold 620 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $81.49, for a total value of $50,523.80. Following the transaction, the insider now owns 15,454 shares in the company, valued at $1,259,346.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the transaction, the insider now owns 41,937 shares in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders sold 28,709 shares of company stock worth $2,404,680 in the last 90 days. Company insiders own 3.00% of the company’s stock.
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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