Kalos Management Inc. grew its holdings in shares of Aflac Incorporated (NYSE:AFL) by 6.3% in the second quarter, HoldingsChannel reports. The fund owned 7,008 shares of the financial services provider’s stock after buying an additional 416 shares during the period. Kalos Management Inc.’s holdings in Aflac were worth $393,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in shares of Aflac in the first quarter valued at $25,000. Solstein Capital LLC acquired a new position in Aflac during the first quarter valued at $26,000. Sterling Financial Planning Inc. purchased a new position in Aflac in the second quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Aflac in the second quarter valued at about $27,000. Finally, Red Door Wealth Management LLC purchased a new position in Aflac in the second quarter valued at about $47,000. Institutional investors own 66.29% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, June 18th. increased their target price on Aflac from $46.00 to $47.00 and gave the stock a “sell” rating in a report on Monday, June 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aflac has a consensus rating of “Hold” and an average price target of $51.83.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Tuesday, July 27th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.32. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Aflac had a net margin of 25.23% and a return on equity of 11.79%. On average, equities research analysts predict that Aflac Incorporated will post 5.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Wednesday, August 18th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.54%. Aflac’s dividend payout ratio (DPR) is presently 26.61%.
In other Aflac news, EVP Eric M. Kirsch sold 34,778 shares of the firm’s stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $57.02, for a total value of $1,983,041.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles D. Lake II sold 12,324 shares of Aflac stock in a transaction on Monday, June 28th. The stock was sold at an average price of $53.58, for a total transaction of $660,319.92. Following the completion of the transaction, the director now owns 42,337 shares in the company, valued at approximately $2,268,416.46. The disclosure for this sale can be found here. Insiders sold a total of 49,202 shares of company stock worth $2,763,647 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
Aflac, Inc is a holding company, which engages in the provision financial protection services. It operates through the Aflac Japan and Aflac United States (U.S.) segments. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
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