Pensionfund DSM Netherlands held its stake in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 48,300 shares of the financial services provider’s stock at the end of the second quarter. Pensionfund DSM Netherlands’ holdings in Aflac were worth $3,752,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in AFL. Quadrant Capital Group LLC raised its position in shares of Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the last quarter. Bollard Group LLC raised its position in shares of 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 last quarter. BKD Wealth Advisors LLC raised its position in shares of 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 last quarter. Private Trust Co. NA raised its position in shares of 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 last quarter. Finally, Ronald Blue & Co. LLC raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.
Shares of Aflac Incorporated (NYSE:AFL) traded up 0.23% during mid-day trading on Friday, reaching $81.16. The company’s stock had a trading volume of 1,141,930 shares. The company’s 50-day moving average price is $78.05 and its 200-day moving average price is $74.01. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $81.33. The stock has a market capitalization of $32.14 billion, a P/E ratio of 12.27 and a beta of 0.99.
Aflac (NYSE:AFL) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Aflac Incorporated will post $6.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s payout ratio is 25.94%.
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AFL has been the subject of several recent analyst reports. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, April 17th. Vetr raised Aflac from a “hold” rating to a “buy” rating and set a $77.50 price objective for the company in a report on Tuesday, April 18th. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays PLC boosted their price objective on Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Finally, Deutsche Bank AG boosted their price objective on Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $75.95.
In other news, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction that occurred on Monday, June 12th. The stock was 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 in the company, valued at approximately $25,506,396. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total value of $882,605.14. Following the completion of the transaction, the insider now owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 236,703 shares of company stock worth $18,328,514. Corporate insiders own 3.00% of the company’s stock.
About Aflac
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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