Ifrah Financial Services Inc. bought a new stake in shares of Aflac Incorporated (NYSE:AFL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,462 shares of the financial services provider’s stock, valued at approximately $200,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Atwood & Palmer Inc. raised its stake in Aflac by 320.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,000 shares during the period. CWM LLC raised its stake in Aflac by 2.1% during the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 30 shares during the period. Capital Analysts LLC bought a new stake in Aflac during the 2nd quarter valued at approximately $131,000. Washington Trust Bank raised its stake in Aflac by 0.9% during the 2nd quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 16 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Aflac during the 2nd quarter valued at approximately $150,000. 66.69% of the stock is currently owned by institutional investors.
Aflac Incorporated (NYSE AFL) traded down $0.20 during midday trading on Tuesday, hitting $84.20. The stock had a trading volume of 483,779 shares, compared to its average volume of 1,792,502. The company has a market cap of $32,804.40, a P/E ratio of 12.38, a P/E/G ratio of 2.47 and a beta of 1.00. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $85.70.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.07. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business earned $1.74 EPS. Aflac’s revenue was down 3.7% compared to the same quarter last year. research analysts expect that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
Aflac declared that its board has initiated a share buyback plan on Tuesday, August 8th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.14%. This is a boost from Aflac’s previous quarterly dividend of $0.43. Aflac’s payout ratio is presently 24.93%.
Several brokerages recently issued reports on AFL. B. Riley reissued a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. Citigroup Inc. downgraded Aflac from a “neutral” rating to a “sell” rating and decreased their target price for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Aflac in a research note on Thursday, September 28th. Finally, BidaskClub downgraded Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $79.63.
In related news, President Kriss Cloninger III sold 25,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the completion of the transaction, the president now owns 298,646 shares in the company, valued at approximately $25,035,494.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,709 shares of company stock valued at $2,404,680. 3.00% of the stock is owned by company insiders.
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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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