Osborn Williams & Donohoe LLC lowered its holdings in AFLAC Incorporated (NYSE:AFL) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,827 shares of the financial services provider’s stock after selling 11,793 shares during the period. Osborn Williams & Donohoe LLC’s holdings in AFLAC were worth $8,486,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AFL. American Century Companies Inc. lifted its holdings in shares of AFLAC by 86.9% in the first quarter. American Century Companies Inc. now owns 6,960,057 shares of the financial services provider’s stock valued at $348,003,000 after purchasing an additional 3,235,386 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of AFLAC by 78.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 3,155,649 shares of the financial services provider’s stock valued at $157,787,000 after purchasing an additional 1,392,015 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of AFLAC by 2.7% in the first quarter. BlackRock Inc. now owns 53,029,685 shares of the financial services provider’s stock valued at $2,651,483,000 after purchasing an additional 1,381,807 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of AFLAC by 853.6% in the first quarter. Acadian Asset Management LLC now owns 1,475,147 shares of the financial services provider’s stock valued at $73,758,000 after purchasing an additional 1,320,458 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of AFLAC by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 10,367,524 shares of the financial services provider’s stock valued at $471,555,000 after purchasing an additional 724,613 shares in the last quarter. Institutional investors own 66.93% of the company’s stock.
Shares of NYSE:AFL traded up $0.08 during midday trading on Wednesday, hitting $52.11. The company’s stock had a trading volume of 283,728 shares, compared to its average volume of 3,285,167. The firm has a market capitalization of $38.04 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The stock’s 50 day moving average is $54.95. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two week high of $57.18. 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 (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.46 billion. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. Analysts forecast that AFLAC Incorporated will post 4.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 21st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, August 20th. AFLAC’s dividend payout ratio is currently 25.96%.
In related news, Director Barbara K. Rimer sold 4,728 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $53.74, for a total value of $254,082.72. Following the completion of the sale, the director now owns 32,448 shares in the company, valued at $1,743,755.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Albert Riggieri sold 5,247 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $52.39, for a total transaction of $274,890.33. Following the completion of the sale, the senior vice president now owns 10,698 shares of the company’s stock, valued at approximately $560,468.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,480 shares of company stock worth $5,514,990. 1.30% of the stock is currently owned by company insiders.
AFL has been the subject of several recent research reports. Morgan Stanley increased their price objective on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Barclays increased their price objective on AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 22nd. ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. AFLAC has a consensus rating of “Hold” and an average target price of $51.96.
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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