Sentry Investment Management LLC lowered its position in Aflac Inc. (NYSE:AFL) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,333 shares of the company’s stock after selling 824 shares during the period. Sentry Investment Management LLC’s holdings in Aflac were worth $2,252,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Aflac by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 3,266 shares of the company’s stock worth $236,000 after buying an additional 19 shares during the period. FTB Advisors Inc. raised its stake in shares of Aflac by 0.5% in the third quarter. FTB Advisors Inc. now owns 4,841 shares of the company’s stock worth $345,000 after buying an additional 26 shares during the period. Palisade Capital Management LLC NJ raised its stake in shares of Aflac by 0.6% in the second quarter. Palisade Capital Management LLC NJ now owns 5,430 shares of the company’s stock worth $392,000 after buying an additional 30 shares during the period. Haverford Trust Co. raised its stake in shares of Aflac by 0.3% in the second quarter. Haverford Trust Co. now owns 10,722 shares of the company’s stock worth $774,000 after buying an additional 35 shares during the period. Finally, Associated Banc Corp raised its stake in shares of Aflac by 0.5% in the second quarter. Associated Banc Corp now owns 6,640 shares of the company’s stock worth $479,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 62.37% of the company’s stock.
Shares of Aflac Inc. (NYSE:AFL) traded down 0.843% during midday trading on Monday, reaching $71.125. The company’s stock had a trading volume of 334,057 shares. The company’s 50-day moving average price is $70.68 and its 200-day moving average price is $71.31. The company has a market cap of $29.03 billion, a PE ratio of 11.275 and a beta of 1.07. Aflac Inc. has a 12 month low of $54.57 and a 12 month high of $74.50.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, October 27th. The company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.08. Aflac had a return on equity of 13.72% and a net margin of 12.03%. The company had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the firm earned $1.32 EPS. Aflac’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Aflac Inc. will post $6.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be issued a $0.43 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, November 14th. Aflac’s dividend payout ratio (DPR) is currently 27.30%.
A number of brokerages recently commented on AFL. Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $74.76 price target on the stock in a report on Tuesday, November 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $73.00 price target (down from $75.00) on shares of Aflac in a report on Monday, August 1st. FBR & Co reissued a “hold” rating on shares of Aflac in a research report on Friday, October 28th. Finally, Wells Fargo & Co. assumed coverage on Aflac in a research report on Friday, September 23rd. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Aflac has an average rating of “Hold” and a consensus target price of $70.21.
In related news, insider Audrey B. Tillman sold 18,856 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $73.50, for a total value of $1,385,916.00. Following the transaction, the insider now directly owns 43,087 shares of the company’s stock, valued at approximately $3,166,894.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Teresa L. White sold 35,734 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $74.28, for a total value of $2,654,321.52. Following the completion of the transaction, the insider now directly owns 29,633 shares in the company, valued at $2,201,139.24. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
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.