HL Financial Services LLC Sells 868 Shares of Aflac Incorporated (AFL)
HL Financial Services LLC decreased its stake in Aflac Incorporated (NYSE:AFL) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,199 shares of the financial services provider’s stock after selling 868 shares during the quarter. HL Financial Services LLC’s holdings in Aflac were worth $1,237,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of AFL. Atwood & Palmer Inc. boosted its stake in shares of Aflac by 320.5% in the second quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,000 shares during the last quarter. CWM LLC boosted its stake in shares of Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 30 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of Aflac in the second quarter worth about $131,000. Washington Trust Bank boosted its stake in shares of Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Aflac in the second quarter worth about $150,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.
A number of analysts have recently commented on AFL shares. Bank of America Corporation downgraded Aflac from a “neutral” rating to an “underperform” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, September 5th. Royal Bank Of Canada restated a “sell” rating and issued a $71.00 target price on shares of Aflac in a research note on Tuesday, October 10th. UBS AG reiterated an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Finally, Barclays PLC increased their price target on Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Aflac presently has a consensus rating of “Hold” and an average target price of $79.63.
In related news, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the sale, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the sale, the insider now directly owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,709 shares of company stock worth $2,404,680. Company insiders own 3.00% of the company’s stock.
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Aflac Incorporated (AFL) traded down $0.64 during midday trading on Monday, hitting $83.44. The stock had a trading volume of 1,181,700 shares, compared to its average volume of 1,794,537. The stock has a market capitalization of $32,804.40, a P/E ratio of 12.38, a PEG ratio of 2.47 and a beta of 1.00. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $85.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 earnings per share. research analysts forecast that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
Aflac announced that its board has approved a stock repurchase plan on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43. Aflac’s dividend payout ratio (DPR) is 24.93%.
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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