Auxier Asset Management lessened its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,010 shares of the financial services provider’s stock after selling 6,730 shares during the period. Auxier Asset Management’s holdings in AFLAC were worth $5,679,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AFLAC by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 77,191 shares of the financial services provider’s stock valued at $3,321,000 after purchasing an additional 1,097 shares during the period. Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of AFLAC by 10.4% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 1,200 shares during the period. Advisor Partners LLC boosted its holdings in shares of AFLAC by 5.8% in the second quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 1,209 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of AFLAC by 100.0% in the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,215 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of AFLAC by 1.7% in the second quarter. CIBC Asset Management Inc now owns 74,812 shares of the financial services provider’s stock valued at $3,218,000 after purchasing an additional 1,216 shares during the period. Institutional investors and hedge funds own 67.21% of the company’s stock.

AFLAC stock opened at $46.70 on Friday. The firm has a market cap of $35.80 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.36 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 0.22. AFLAC Incorporated has a twelve month low of $40.55 and a twelve month high of $47.15.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.52 billion. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. analysts anticipate that AFLAC Incorporated will post 4.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Wednesday, August 22nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Tuesday, August 21st. AFLAC’s payout ratio is presently 30.59%.

In other news, insider Eric M. Kirsch sold 66,447 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $43.31, for a total transaction of $2,877,819.57. Following the transaction, the insider now directly owns 128,796 shares of the company’s stock, valued at $5,578,154.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the transaction, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,947 shares of company stock worth $3,040,430. Insiders own 3.00% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Tuesday, August 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 target price on shares of AFLAC in a report on Wednesday, August 1st. Sandler O’Neill upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, August 1st. ValuEngine lowered AFLAC from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, B. Riley upped their target price on AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.23.

About AFLAC

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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