Aflac Incorporated (AFL) Position Maintained by Dean Investment Associates LLC
Dean Investment Associates LLC continued to hold its stake in Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,404 shares of the financial services provider’s stock at the end of the 2nd quarter. Dean Investment Associates LLC’s holdings in Aflac were worth $5,461,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AFL. Atwood & Palmer Inc. increased its position in shares of 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 purchasing an additional 1,000 shares in the last quarter. CWM LLC increased its position in shares of 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 purchasing an additional 30 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Aflac during the 1st quarter worth about $128,000. Capital Analysts LLC acquired a new stake in shares of Aflac during the 2nd quarter worth about $131,000. Finally, Washington Trust Bank increased its position in shares of 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 purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.
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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Friday, June 2nd. FBR & Co reiterated 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. UBS AG reiterated an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Barclays PLC increased their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 target price on shares of Aflac in a research report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $77.32.
Aflac Incorporated (AFL) traded down 0.16% on Wednesday, reaching $82.11. 207,986 shares of the company traded hands. The firm has a 50 day moving average of $80.59 and a 200-day moving average of $76.23. The stock has a market capitalization of $32.45 billion, a PE ratio of 12.41 and a beta of 0.97. Aflac Incorporated has a one year low of $66.50 and a one year high of $83.39.
Aflac (NYSE:AFL) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, analysts anticipate that Aflac Incorporated will post $6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s dividend payout ratio is presently 25.94%.
Aflac declared that its board has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Aflac news, President Kriss Cloninger III sold 3,500 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was 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 in the company, valued at approximately $20,524,067.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Teresa L. White sold 11,314 shares of the 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 transaction, the insider now owns 26,847 shares in the company, valued at $2,094,334.47. The disclosure for this sale can be found here. Insiders have sold a total of 17,314 shares of company stock valued at $1,360,615 in the last three months. Insiders own 3.00% of the company’s stock.
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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