Aflac Incorporated (AFL) Shares Sold by DnB Asset Management AS

DnB Asset Management AS lowered its stake in Aflac Incorporated (NYSE:AFL) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,780 shares of the financial services provider’s stock after selling 400 shares during the period. DnB Asset Management AS’s holdings in Aflac were worth $3,634,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in 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 increased its position in 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 increased 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 worth $267,000 after buying an additional 34 shares in the last quarter. Private Trust Co. NA increased 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 worth $365,000 after buying an additional 42 shares in the last quarter. Finally, Ronald Blue & Co. LLC increased 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 worth $565,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.

Aflac Incorporated (NYSE AFL) traded up 0.23% during trading on Friday, reaching $81.16. 1,141,930 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $78.05 and its 200-day moving average is $74.01. The company has a market cap of $32.14 billion, a P/E ratio of 12.27 and a beta of 0.99. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $81.33.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. Analysts predict that Aflac Incorporated will post $6.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s payout ratio is presently 25.94%.

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AFL has been the subject of several research analyst reports. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a report on Friday, July 7th. FBR & Co reiterated a “market perform” rating and set a $80.00 price objective (up from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Aflac currently has an average rating of “Hold” and a consensus price target of $75.95.

In other Aflac news, President Kriss Cloninger III sold 2,500 shares of Aflac stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the transaction, the president now owns 241,646 shares of the company’s stock, valued at $18,780,727.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Karole Lloyd purchased 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the transaction, the director now owns 7,253 shares of the company’s stock, valued at $558,553.53. The disclosure for this purchase can be found here. Insiders have sold a total of 236,703 shares of company stock worth $18,328,514 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Aflac Company Profile

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.