Perkins Capital Management Inc. held its stake in Aflac Inc. (NYSE:AFL) during the third quarter, Holdings Channel reports. The fund owned 14,300 shares of the company’s stock at the end of the third quarter. Perkins Capital Management Inc.’s holdings in Aflac were worth $1,028,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AFL. Global X Management Co. LLC raised its stake in Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock valued at $112,000 after buying an additional 1,492 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock valued at $125,000 after buying an additional 588 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock valued at $127,000 after buying an additional 705 shares during the last quarter. Trust Department MB Financial Bank N A raised its stake in shares of Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock valued at $135,000 after buying an additional 1,617 shares during the last quarter. Finally, Bollard Group LLC raised its stake in shares of Aflac by 645.8% in the third quarter. Bollard Group LLC now owns 2,297 shares of the company’s stock valued at $165,000 after buying an additional 1,989 shares during the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.
Aflac Inc. (NYSE:AFL) traded down 0.36% during trading on Monday, reaching $71.47. 192,153 shares of the company were exchanged. The firm has a 50-day moving average of $70.68 and a 200-day moving average of $71.31. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 11.33 and a beta of 1.07. Aflac Inc. has a 52-week low of $54.57 and a 52-week high of $74.50.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, October 27th. The company reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.08. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The company earned $5.72 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Aflac Inc. will post $6.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.40%. Aflac’s payout ratio is currently 27.30%.
Several equities research analysts have commented on the stock. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 price target on the stock in a research note on Monday, October 17th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Credit Suisse Group AG assumed coverage on shares of Aflac in a research note on Friday, October 7th. They issued an “underperform” rating and a $75.00 price target on the stock. FBR & Co restated a “hold” rating on shares of Aflac in a research note on Friday, October 28th. Finally, Wells Fargo & Co. assumed coverage on shares of Aflac in a research note on Friday, September 23rd. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.21.
In other Aflac news, insider Teresa L. White sold 35,734 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were 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 of the company’s stock, valued at $2,201,139.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the completion of the transaction, the insider now directly owns 43,087 shares of the company’s stock, valued at $3,166,894.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
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.