Moloney Securities Asset Management LLC bought a new stake in shares of Aflac Incorporated (NYSE:AFL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,769 shares of the financial services provider’s stock, valued at approximately $714,000.
Other large investors have also recently bought and sold shares of the company. Keybank National Association OH lifted its position in Aflac by 242.1% during the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after acquiring an additional 90,741 shares during the last quarter. New Amsterdam Partners LLC NY purchased a new stake in Aflac during the second quarter valued at approximately $531,000. Delta Lloyd Asset Management N.V. purchased a new stake in Aflac during the second quarter valued at approximately $3,306,000. Coho Partners Ltd. lifted its position in Aflac by 85.3% during the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after acquiring an additional 1,006,477 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd lifted its position in Aflac by 7.7% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 217,385 shares of the financial services provider’s stock valued at $16,886,000 after acquiring an additional 15,486 shares during the last quarter. 65.60% of the stock is owned by institutional investors.
Shares of Aflac Incorporated (NYSE:AFL) traded down 0.71% on Friday, hitting $83.85. 1,559,926 shares of the company traded hands. The company has a market capitalization of $33.14 billion, a PE ratio of 12.68 and a beta of 0.96. The stock’s 50-day moving average price is $82.88 and its 200-day moving average price is $78.38. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $85.24.
Aflac (NYSE:AFL) last issued its earnings results 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. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that Aflac Incorporated will post $6.69 earnings per share for the current year.
Aflac announced that its board has approved a stock repurchase plan on Tuesday, August 8th that allows the company to repurchase 40,000,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
AFL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Tuesday, September 5th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC increased their target price on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Wells Fargo & Co reissued a “hold” rating and set a $82.00 target price on shares of Aflac in a research report on Thursday, September 28th. Finally, FBR & Co reissued a “market perform” rating and set a $80.00 target price (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.63.
In related news, insider James Todd Daniels sold 620 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $81.49, for a total value of $50,523.80. Following the completion of the sale, the insider now owns 15,454 shares in the company, valued at approximately $1,259,346.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Kriss Cloninger III sold 3,500 shares of the company’s stock in a transaction 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 completion of the sale, the president now owns 253,196 shares of the company’s stock, valued at approximately $20,524,067.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,899 shares of company stock valued at $2,662,483. 3.00% of the stock is owned by insiders.
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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