The Aflac Incorporated (AFL) Stake Lowered by Exxonmobil Investment Management Inc. TX

The Aflac Incorporated (AFL) Stake Lowered by Exxonmobil Investment Management Inc. TX

Several other hedge funds and other institutional investors have also bought and sold shares of AFL. Quadrant Capital Group LLC raised its position in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares during the last quarter. Bollard Group LLC increased its stake in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares during the period. BKD Wealth Advisors LLC increased its stake in Aflac by 0.9% in the first quarter. BKD Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $267,000 after buying an additional 34 shares during the period. Private Trust Co. NA increased its stake in Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock valued at $365,000 after buying an additional 42 shares during the period. Finally, Ronald Blue & Co. LLC increased its stake in Aflac by 0.6% in the first quarter. Ronald Blue & Co. LLC now owns 7,807 shares of the financial services provider’s stock valued at $565,000 after buying an additional 43 shares during the period. 64.46% of the stock is currently owned by institutional investors and hedge funds.

Exxonmobil Investment Management Inc. TX decreased its position in Aflac Incorporated (NYSE:AFL) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,194 shares of the financial services provider’s stock after selling 12,949 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Aflac were worth $5,919,000 as of its most recent filing with the SEC.

Aflac Incorporated (AFL) traded up 0.26% during mid-day trading on Wednesday, hitting $81.10. The stock had a trading volume of 335,955 shares. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $81.14. The firm’s 50-day moving average is $78.05 and its 200 day moving average is $74.01. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 12.26 and a beta of 0.99.

Aflac (NYSE:AFL) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts anticipate that Aflac Incorporated will post $6.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 25.94%.

AFL has been the subject of several recent research reports. Bank of America Corporation upgraded Aflac from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $78.00 in a research note on Thursday, April 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, April 17th. Raymond James Financial, Inc. upgraded Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, April 18th. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $77.50 price target for the company in a research note on Tuesday, April 18th. Finally, Deutsche Bank AG boosted their price target on Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Aflac has an average rating of “Hold” and an average price target of $75.95.

In related news, Director Karole Lloyd purchased 1,000 shares of Aflac stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the transaction, the director now owns 7,253 shares in the company, valued at $558,553.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction on Monday, June 12th. The shares were sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the transaction, the insider now owns 329,540 shares of the company’s stock, valued at $25,506,396. The disclosure for this sale can be found here. Over the last quarter, insiders sold 236,703 shares of company stock valued at $18,328,514. 3.00% of the stock is owned by company insiders.

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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