Aflac Incorporated (AFL) Position Maintained by Texas Yale Capital Corp.

Texas Yale Capital Corp. held its stake in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,450 shares of the financial services provider’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in Aflac were worth $346,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bollard Group LLC boosted its stake in shares of Aflac by 0.6% in the second quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock valued at $182,000 after buying an additional 14 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after buying an additional 16 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Aflac by 0.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock valued at $564,000 after buying an additional 27 shares during the last quarter. CWM LLC boosted its stake in shares of Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after buying an additional 30 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of Aflac by 0.6% in the second quarter. Berkshire Asset Management LLC PA now owns 5,756 shares of the financial services provider’s stock valued at $447,000 after buying an additional 34 shares during the last quarter. 64.59% of the stock is owned by institutional investors.

Shares of Aflac Incorporated (NYSE AFL) opened at 80.17 on Wednesday. The company’s 50-day moving average price is $79.19 and its 200 day moving average price is $75.12. The firm has a market cap of $31.69 billion, a PE ratio of 12.12 and a beta of 0.99. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.89.

Aflac (NYSE:AFL) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. On average, analysts predict that Aflac Incorporated will post $6.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 25.94%.

Aflac declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 8th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “[[title]]” was first reported by [[site]] and is the sole property of of [[site]]. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at [[permalink]].

Several equities research analysts have recently weighed in on the company. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub cut Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC increased their price target on Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. FBR & Co reissued a “market perform” rating and issued a $80.00 price target (up previously from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “sell” rating and issued a $66.00 price target on shares of Aflac in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Aflac has a consensus rating of “Hold” and a consensus price target of $76.50.

In related news, President Kriss Cloninger III sold 3,500 shares of Aflac stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.06, for a total transaction of $283,710.00. Following the transaction, the president now directly owns 253,196 shares of the company’s stock, valued at $20,524,067.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average cost of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the acquisition, 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. Over the last ninety days, insiders have sold 240,203 shares of company stock worth $18,612,224. 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.