International Assets Investment Management LLC decreased its position in Aflac Incorporated (NYSE:AFL – Free Report) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,851 shares of the financial services provider’s stock after selling 1,821 shares during the quarter. International Assets Investment Management LLC’s holdings in Aflac were worth $313,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. RDA Financial Network raised its holdings in shares of Aflac by 3.4% in the fourth quarter. RDA Financial Network now owns 4,305 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 140 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Aflac by 0.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 22,628 shares of the financial services provider’s stock valued at $1,641,000 after purchasing an additional 151 shares during the last quarter. Flputnam Investment Management Co. raised its holdings in shares of Aflac by 1.5% in the fourth quarter. Flputnam Investment Management Co. now owns 10,479 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 153 shares during the last quarter. J2 Capital Management Inc raised its holdings in shares of Aflac by 2.5% in the fourth quarter. J2 Capital Management Inc now owns 6,477 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 161 shares during the last quarter. Finally, Laidlaw Wealth Management LLC grew its holdings in shares of Aflac by 1.8% in the fourth quarter. Laidlaw Wealth Management LLC now owns 9,385 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 66.56% of the company’s stock.
Aflac Stock Up 0.5 %
Shares of Aflac stock opened at $70.15 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $42.39 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.94. Aflac Incorporated has a 52-week low of $53.04 and a 52-week high of $74.01. The company has a 50-day simple moving average of $67.36 and a two-hundred day simple moving average of $68.02.
Aflac Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, May 16th. Aflac’s payout ratio is currently 24.24%.
Insider Activity
In other news, CFO Steven Kent Beaver sold 13,118 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $66.33, for a total transaction of $870,116.94. Following the completion of the sale, the chief financial officer now owns 20,793 shares of the company’s stock, valued at approximately $1,379,199.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Barbara K. Rimer sold 18,210 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $68.18, for a total transaction of $1,241,557.80. Following the completion of the transaction, the director now owns 35,813 shares in the company, valued at $2,441,730.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven Kent Beaver sold 13,118 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $66.33, for a total value of $870,116.94. Following the completion of the sale, the chief financial officer now owns 20,793 shares in the company, valued at $1,379,199.69. The disclosure for this sale can be found here. Insiders sold 112,082 shares of company stock valued at $7,614,967 in the last quarter. 0.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
AFL has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on Aflac from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. Bank of America began coverage on shares of Aflac in a report on Monday, June 5th. They issued a “buy” rating on the stock. 58.com reissued a “reiterates” rating on shares of Aflac in a report on Friday, June 9th. Wells Fargo & Company assumed coverage on shares of Aflac in a report on Tuesday, April 25th. They issued an “equal weight” rating and a $73.00 price target on the stock. Finally, 888 reaffirmed a “reiterates” rating on shares of Aflac in a report on Friday, June 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac presently has an average rating of “Hold” and a consensus target price of $71.22.
Aflac Profile
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.
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