Point View Wealth Management Inc. Sells 839 Shares of Aflac Incorporated (AFL)
Point View Wealth Management Inc. lowered its stake in shares of Aflac Incorporated (NYSE:AFL) by 16.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,280 shares of the financial services provider’s stock after selling 839 shares during the quarter. Point View Wealth Management Inc.’s holdings in Aflac were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Atwood & Palmer Inc. increased its position in shares of Aflac by 320.5% during the second 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 period. Capital Analysts LLC purchased a new stake in shares of Aflac during the second quarter worth $131,000. Washington Trust Bank increased its position in shares of Aflac by 0.9% during the second 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 period. ClariVest Asset Management LLC acquired a new position in shares of Aflac during the second quarter worth $150,000. Finally, Harfst & Associates Inc. grew its stake in shares of Aflac by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares in the last quarter. 66.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Wells Fargo & Company set a $82.00 target price on shares of Aflac and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Citigroup Inc. downgraded shares of Aflac from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $82.00 to $77.00 in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Aflac in a research note on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price for the company. Finally, B. Riley reiterated a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.63.
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Shares of Aflac Incorporated (NYSE:AFL) traded up $0.63 on Tuesday, hitting $85.31. 376,979 shares of the stock traded hands, compared to its average volume of 1,784,717. Aflac Incorporated has a twelve month low of $66.50 and a twelve month high of $85.70. The firm has a market capitalization of $32,970.00, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. 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 (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, topping 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 business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. sell-side analysts forecast that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.
Aflac announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 8th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.45 per share. This is an increase from Aflac’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. Aflac’s dividend payout ratio is 26.12%.
In other news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the sale, the director now owns 13,733 shares in the company, valued at $1,147,804.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Audrey B. Tillman sold 310 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the sale, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold 28,709 shares of company stock valued at $2,404,680 in the last quarter. 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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