Asset Management One Co. Ltd. increased its position in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,810 shares of the financial services provider’s stock after acquiring an additional 6,474 shares during the period. Asset Management One Co. Ltd.’s holdings in Aflac were worth $15,989,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. NovaPoint Capital LLC boosted its position in shares of Aflac by 2.6% during the 1st quarter. NovaPoint Capital LLC now owns 57,881 shares of the financial services provider’s stock worth $3,734,000 after acquiring an additional 1,492 shares in the last quarter. Dominguez Wealth Management Solutions Inc. boosted its position in shares of Aflac by 3.2% during the 1st quarter. Dominguez Wealth Management Solutions Inc. now owns 24,968 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 781 shares in the last quarter. Cottage Street Advisors LLC acquired a new stake in shares of Aflac during the 1st quarter worth approximately $529,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Aflac by 8.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,511 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 705 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Aflac by 2.7% during the 1st quarter. Main Street Financial Solutions LLC now owns 13,997 shares of the financial services provider’s stock worth $903,000 after acquiring an additional 372 shares in the last quarter. Institutional investors and hedge funds own 66.56% of the company’s stock.
Aflac Price Performance
Shares of NYSE AFL opened at $69.57 on Tuesday. The company has a market capitalization of $42.04 billion, a PE ratio of 10.04, a P/E/G ratio of 2.57 and a beta of 0.94. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.38. Aflac Incorporated has a twelve month low of $53.04 and a twelve month high of $74.01. The firm has a fifty day simple moving average of $67.53 and a 200 day simple moving average of $68.01.
Aflac Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were issued a $0.42 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $1.68 annualized dividend and a yield of 2.41%. Aflac’s payout ratio is 24.24%.
Analyst Ratings Changes
A number of brokerages have weighed in on AFL. Wells Fargo & Company began coverage on shares of Aflac in a research report on Tuesday, April 25th. They issued an “equal weight” rating and a $73.00 target price on the stock. StockNews.com began coverage on shares of Aflac in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Citigroup cut their target price on shares of Aflac from $73.00 to $69.00 in a research report on Thursday, April 27th. VNET Group restated a “maintains” rating on shares of Aflac in a research report on Thursday, April 27th. Finally, Bank of America assumed coverage on shares of Aflac in a research report on Monday, June 5th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $71.22.
Insider Activity at Aflac
In other news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $69.60, for a total transaction of $34,800.00. Following the transaction, the director now owns 27,085 shares in the company, valued at $1,885,116. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $69.60, for a total transaction of $34,800.00. Following the transaction, the director now owns 27,085 shares in the company, valued at $1,885,116. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Frederick John Crawford sold 59,053 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $68.43, for a total transaction of $4,040,996.79. Following the transaction, the chief operating officer now owns 321,367 shares in the company, valued at approximately $21,991,143.81. The disclosure for this sale can be found here. Insiders have sold a total of 112,582 shares of company stock worth $7,649,767 over the last quarter. Company insiders own 0.90% of the company’s stock.
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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