Today: The Tower Research Capital LLC TRC Raises Stake in Aflac Inc. (AFL)

The Tower Research Capital LLC TRC Raises Stake in Aflac Inc. (AFL)

Tower Research Capital LLC TRC increased its stake in Aflac Inc. (NYSE:AFL) by 51.2% during the second quarter, Holdings Channel reports. The firm owned 1,736 shares of the company’s stock after buying an additional 588 shares during the period. Tower Research Capital LLC TRC’s holdings in Aflac were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JNBA Financial Advisors bought a new position in shares of Aflac during the second quarter valued at approximately $24,130,000. Orbis Allan Gray Ltd bought a new position in shares of Aflac during the first quarter valued at approximately $25,991,000. Dividend Assets Capital LLC raised its position in shares of Aflac by 25.1% in the second quarter. Dividend Assets Capital LLC now owns 536,795 shares of the company’s stock valued at $38,735,000 after buying an additional 107,795 shares during the period. Brown Advisory Inc. raised its position in shares of Aflac by 10.2% in the second quarter. Brown Advisory Inc. now owns 81,785 shares of the company’s stock valued at $5,901,000 after buying an additional 7,596 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Aflac by 0.5% in the first quarter. Legal & General Group Plc now owns 1,912,237 shares of the company’s stock valued at $120,747,000 after buying an additional 9,569 shares during the period. Institutional investors and hedge funds own 62.89% of the company’s stock.

Aflac Inc. (NYSE:AFL) opened at 70.98 on Wednesday. The company has a 50 day moving average of $72.58 and a 200 day moving average of $70.38. The company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 11.67 and a beta of 1.33. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The company earned $5.44 billion during the quarter, compared to analyst estimates of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. Aflac’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. On average, equities analysts forecast that Aflac Inc. will post $6.85 EPS for the current fiscal year.

Several research analysts have commented on AFL shares. FBR & Co restated a “hold” rating on shares of Aflac in a report on Friday, July 29th. Wells Fargo & Co. started coverage on shares of Aflac in a report on Friday, September 23rd. They issued a “market perform” rating for the company. JPMorgan Chase & Co. restated a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price objective for the company in a report on Monday, June 27th. Finally, Deutsche Bank AG upped their price objective on shares of Aflac from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.88.

In other news, Director Barbara K. Rimer sold 3,650 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $71.74, for a total transaction of $261,851.00. Following the completion of the sale, the director now directly owns 15,910 shares of the company’s stock, valued at $1,141,383.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Koji Ariyoshi sold 3,886 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $73.20, for a total transaction of $284,455.20. Following the sale, the vice president now directly owns 39,841 shares of the company’s stock, valued at $2,916,361.20. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Aflac Company Profile

Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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