Aflac Incorporated (AFL) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. boosted its holdings in Aflac Incorporated (NYSE:AFL) by 6.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,562,481 shares of the financial services provider’s stock after purchasing an additional 220,013 shares during the quarter. Aflac comprises 0.7% of Victory Capital Management Inc.’s portfolio, making the stock its 5th largest position. Victory Capital Management Inc. owned approximately 0.90% of Aflac worth $289,950,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in AFL. BlackRock Inc. grew its holdings in Aflac by 1,750.9% in the first quarter. BlackRock Inc. now owns 23,849,668 shares of the financial services provider’s stock worth $1,727,193,000 after purchasing an additional 22,561,116 shares during the period. AJO LP grew its holdings in shares of Aflac by 157.8% during the second quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock valued at $270,587,000 after buying an additional 2,132,414 shares during the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Aflac by 1,351.2% during the second quarter. Balyasny Asset Management LLC now owns 1,311,615 shares of the financial services provider’s stock valued at $101,886,000 after buying an additional 1,221,231 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Aflac by 3.4% during the first quarter. Vanguard Group Inc. now owns 31,980,927 shares of the financial services provider’s stock valued at $2,316,059,000 after buying an additional 1,048,415 shares during the last quarter. Finally, Coho Partners Ltd. grew its holdings in shares of 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 buying an additional 1,006,477 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.
In related news, 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 value of $2,095,750.00. Following the completion of the transaction, the president now directly owns 298,646 shares in the company, valued at approximately $25,035,494.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the transaction, the insider now owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,209 shares of company stock valued at $2,688,390. Company insiders own 3.00% of the company’s stock.
Shares of Aflac Incorporated (NYSE AFL) traded up 0.113% on Tuesday, reaching $83.925. 251,153 shares of the company were exchanged. The firm’s 50 day moving average price is $83.30 and its 200 day moving average price is $79.01. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $85.70. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 12.689 and a beta of 0.96.
Aflac (NYSE:AFL) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business posted $1.74 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Aflac Incorporated will post $6.74 EPS for the current year.
Aflac declared that its board has initiated a stock repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.45 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, November 14th. Aflac’s payout ratio is currently 24.93%.
A number of equities research analysts have recently commented on AFL shares. Bank of America Corporation cut shares of Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Barclays PLC increased their price target on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. FBR & Co reiterated a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, September 5th. 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 company. The stock has an average rating of “Hold” and an average 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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