Check Capital Management Inc. CA boosted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 50.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,000 shares of the financial services provider’s stock after acquiring an additional 8,010 shares during the quarter. Check Capital Management Inc. CA’s holdings in Aflac were worth $1,953,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atwood & Palmer Inc. grew its holdings in Aflac by 320.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC grew its holdings in Aflac by 2.1% during the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 30 shares during the last quarter. Capital Analysts LLC bought a new stake in Aflac during the 2nd quarter worth approximately $131,000. Washington Trust Bank grew its holdings in Aflac by 0.9% during the 2nd quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 16 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Aflac during the 2nd quarter worth approximately $150,000. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider James Todd Daniels sold 620 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $81.49, for a total transaction of $50,523.80. Following the transaction, the insider now owns 15,454 shares in the company, valued at approximately $1,259,346.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Kriss Cloninger III sold 25,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the transaction, the president now owns 298,646 shares in the company, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. Insiders have sold a total of 28,709 shares of company stock worth $2,404,680 in the last quarter. 3.00% of the stock is owned by corporate insiders.
Aflac Incorporated (NYSE AFL) traded down $0.33 during trading on Friday, hitting $83.98. 872,094 shares of the company were exchanged, compared to its average volume of 1,786,501. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $85.70. The firm has a market cap of $32,930.00, a P/E ratio of 12.53, a PEG ratio of 2.50 and a beta of 1.00.
Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company earned $1.74 EPS. Aflac’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts anticipate that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.
Aflac declared that its board has authorized a stock buyback program on Tuesday, August 8th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43. Aflac’s payout ratio is presently 26.12%.
AFL has been the topic of a number of research reports. UBS AG reissued an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Citigroup Inc. lowered shares of Aflac from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America Corporation lowered shares of Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Wells Fargo & Company reissued a “hold” rating and set a $82.00 target price on shares of Aflac in a report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.63.
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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.
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