Assetmark Inc. boosted its position in shares of AFLAC Incorporated (NYSE:AFL) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,540 shares of the financial services provider’s stock after acquiring an additional 24,213 shares during the quarter. Assetmark Inc.’s holdings in AFLAC were worth $8,525,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Putnam Investments LLC grew its stake in AFLAC by 1.4% during the second quarter. Putnam Investments LLC now owns 450,591 shares of the financial services provider’s stock worth $24,697,000 after buying an additional 6,422 shares in the last quarter. Vanguard Group Inc. grew its stake in AFLAC by 0.8% during the second quarter. Vanguard Group Inc. now owns 68,140,817 shares of the financial services provider’s stock worth $3,734,798,000 after buying an additional 557,750 shares in the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in AFLAC by 1.2% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 30,918 shares of the financial services provider’s stock worth $1,695,000 after buying an additional 362 shares in the last quarter. SRB Corp acquired a new stake in AFLAC during the second quarter worth about $505,000. Finally, ETF Managers Group LLC acquired a new stake in AFLAC during the second quarter worth about $212,000. 64.24% of the stock is currently owned by institutional investors.
Shares of AFL traded up $0.37 during mid-day trading on Friday, reaching $52.44. The company had a trading volume of 3,501,543 shares, compared to its average volume of 3,406,823. The company’s 50 day simple moving average is $51.20 and its 200 day simple moving average is $52.12. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.86 and a beta of 0.71.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company posted $1.07 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts forecast that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.
In related news, insider June P. Howard sold 4,000 shares of AFLAC stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $52.35, for a total transaction of $209,400.00. Following the sale, the insider now directly owns 64,591 shares in the company, valued at approximately $3,381,338.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $52.00, for a total transaction of $78,000.00. Following the sale, the director now owns 11,349 shares in the company, valued at $590,148. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,780 shares of company stock worth $835,628. 1.30% of the stock is owned by corporate insiders.
AFL has been the topic of a number of analyst reports. ValuEngine downgraded shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Bank of America set a $54.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a research note on Friday, September 27th. UBS Group raised their price target on shares of AFLAC from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James downgraded shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a research note on Monday, July 29th. Finally, Barclays reduced their price target on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $53.62.
Aflac Incorporated, through its subsidiaries, 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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