One Capital Management LLC lowered its position in shares of Aflac Inc. (NYSE:AFL) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 32,295 shares of the company’s stock after selling 1,109 shares during the period. One Capital Management LLC’s holdings in Aflac were worth $2,321,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFL. Global X Management Co. LLC raised its position 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 worth $112,000 after buying an additional 1,492 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares during the last quarter. Oakworth Capital Inc. raised its position in Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock worth $127,000 after buying an additional 705 shares during the last quarter. Trust Department MB Financial Bank N A raised its position in 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 worth $135,000 after buying an additional 1,617 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Aflac by 1.7% in the second quarter. Quadrant Capital Group LLC now owns 2,384 shares of the company’s stock worth $166,000 after buying an additional 40 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors.
Shares of Aflac Inc. (NYSE:AFL) traded down 1.03% during trading on Monday, reaching $70.99. 1,442,582 shares of the company traded hands. The company has a market capitalization of $28.97 billion, a P/E ratio of 11.25 and a beta of 1.07. The company’s 50-day moving average price is $70.67 and its 200-day moving average price is $71.36. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, October 27th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Equities research analysts forecast 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. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.40%. This is a boost from Aflac’s previous quarterly dividend of $0.41. Aflac’s dividend payout ratio is currently 27.30%.
A number of research analysts recently weighed in on the stock. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 price target on the stock in a research report on Tuesday, November 22nd. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $73.00 price objective (down previously from $75.00) on shares of Aflac in a report on Monday, August 1st. Credit Suisse Group AG began coverage on shares of Aflac in a report on Friday, October 7th. They set an “underperform” rating and a $75.00 price objective for the company. Finally, FBR & Co restated a “hold” rating on shares of Aflac in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Aflac has a consensus rating of “Hold” and a consensus target price of $70.21.
In other Aflac news, insider Teresa L. White sold 35,734 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.28, for a total transaction of $2,654,321.52. Following the transaction, the insider now owns 29,633 shares in the company, valued at approximately $2,201,139.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Audrey B. Tillman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $73.98, for a total transaction of $110,970.00. Following the transaction, the insider now owns 33,958 shares in the company, valued at approximately $2,512,212.84. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
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.