AFLAC Incorporated (AFL) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group lifted its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,560,019 shares of the financial services provider’s stock after purchasing an additional 385,727 shares during the quarter. Schroder Investment Management Group owned 0.59% of AFLAC worth $197,038,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its position in shares of AFLAC by 34,171.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 93,631 shares during the period. Smithfield Trust Co. raised its position in shares of AFLAC by 100.0% during the first quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 1,260 shares during the period. Oakworth Capital Inc. raised its position in shares of AFLAC by 100.0% during the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 1,215 shares during the period. Omnia Family Wealth LLC raised its position in shares of AFLAC by 118.8% during the first quarter. Omnia Family Wealth LLC now owns 2,724 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,479 shares during the period. Finally, Clarus Wealth Advisors acquired a new stake in shares of AFLAC during the second quarter worth about $121,000. 67.16% of the stock is currently owned by institutional investors.
Shares of AFLAC stock opened at $47.05 on Tuesday. AFLAC Incorporated has a 52-week low of $40.55 and a 52-week high of $47.46. The company has a market capitalization of $36.25 billion, a P/E ratio of 13.84, a PEG ratio of 1.38 and a beta of 0.94. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Wednesday, August 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.21%. AFLAC’s dividend payout ratio is 30.59%.
A number of equities research analysts have recently commented on AFL shares. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Credit Suisse Group dropped their target price on AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. ValuEngine lowered AFLAC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Sandler O’Neill set a $50.00 target price on AFLAC and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, B. Riley lifted their target price on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.23.
In other AFLAC news, insider Eric M. Kirsch sold 66,447 shares of the firm’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the transaction, the insider now directly owns 128,796 shares in the company, valued at $5,578,154.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value of $93,040.00. Following the completion of the transaction, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,947 shares of company stock valued at $3,040,430. Corporate insiders own 1.70% of the company’s stock.
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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