Cliftonlarsonallen Wealth Advisors LLC Has $788,000 Position in Aflac Incorporated (AFL)
Cliftonlarsonallen Wealth Advisors LLC lowered its stake in shares of Aflac Incorporated (NYSE:AFL) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,138 shares of the financial services provider’s stock after selling 1,548 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Aflac were worth $788,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock worth $365,000 after buying an additional 42 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Aflac during the first quarter worth approximately $209,000. Fox Run Management L.L.C. bought a new position in shares of Aflac during the first quarter worth approximately $263,000. Americafirst Capital Management LLC increased its position in shares of Aflac by 524.6% in the first quarter. Americafirst Capital Management LLC now owns 7,083 shares of the financial services provider’s stock worth $513,000 after buying an additional 5,949 shares in the last quarter. Finally, CWM LLC increased its position in shares of Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock worth $101,000 after buying an additional 100 shares in the last quarter. Institutional investors own 64.59% of the company’s stock.
Aflac Incorporated (AFL) opened at 81.26 on Wednesday. The stock’s 50 day moving average is $78.93 and its 200-day moving average is $74.79. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.89. The company has a market capitalization of $32.12 billion, a P/E ratio of 12.29 and a beta of 0.99.
Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share. On average, analysts expect that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 25.94%.
Aflac declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 8th that allows the company to repurchase 40,000,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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A number of brokerages have commented on AFL. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Friday, June 2nd. Royal Bank Of Canada restated an “underperform” rating and issued a $66.00 target price (up from $62.00) on shares of Aflac in a research note on Monday, May 1st. FBR & Co restated a “market perform” rating and issued a $80.00 target price (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Barclays PLC upped their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $77.50 target price on the stock in a research note on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Aflac has a consensus rating of “Hold” and an average target price of $76.50.
In other Aflac news, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the completion of the acquisition, the director now owns 7,253 shares of the company’s stock, valued at approximately $558,553.53. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul S. Amos II sold 222,889 shares of Aflac stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $77.40, for a total transaction of $17,251,608.60. Following the completion of the transaction, the insider now owns 329,540 shares of the company’s stock, valued at approximately $25,506,396. The disclosure for this sale can be found here. Insiders sold 240,203 shares of company stock valued at $18,612,224 in the last 90 days. Company insiders own 3.00% of the company’s stock.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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