Meeder Asset Management Inc. raised its holdings in AFLAC Incorporated (NYSE:AFL) by 80.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,622 shares of the financial services provider’s stock after buying an additional 23,040 shares during the period. Meeder Asset Management Inc.’s holdings in AFLAC were worth $2,828,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AFL. Moors & Cabot Inc. boosted its holdings in shares of AFLAC by 1.9% in the 2nd quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 191 shares in the last quarter. Exeter Financial LLC boosted its holdings in shares of AFLAC by 0.3% in the 2nd quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock valued at $4,073,000 after purchasing an additional 197 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of AFLAC by 1.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 200 shares in the last quarter. Smith Salley & Associates boosted its holdings in shares of AFLAC by 3.2% in the 2nd quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 213 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of AFLAC by 0.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 83,461 shares of the financial services provider’s stock valued at $4,173,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Several equities research analysts recently weighed in on AFL shares. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, April 30th. UBS Group cut their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. ValuEngine downgraded AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective on the stock. in a report on Tuesday, July 16th. Finally, Morgan Stanley raised their target price on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.57.

Shares of AFL stock traded down $0.21 during mid-day trading on Tuesday, hitting $52.47. The company’s stock had a trading volume of 74,655 shares, compared to its average volume of 3,448,335. The company’s fifty day simple moving average is $54.34 and its 200-day simple moving average is $51.53. AFLAC Incorporated has a 52 week low of $41.45 and a 52 week high of $57.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $38.50 billion, a PE ratio of 12.58, a P/E/G ratio of 2.92 and a beta of 0.71.

AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the company posted $1.07 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that AFLAC Incorporated will post 4.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s payout ratio is 25.96%.

In other AFLAC news, Director Barbara K. Rimer sold 4,728 shares of AFLAC stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $53.74, for a total transaction of $254,082.72. Following the completion of the transaction, the director now owns 32,448 shares in the company, valued at approximately $1,743,755.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 2,750 shares of AFLAC stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $52.02, for a total value of $143,055.00. Following the transaction, the director now owns 15,290 shares of the company’s stock, valued at approximately $795,385.80. The disclosure for this sale can be found here. Insiders sold a total of 85,980 shares of company stock valued at $4,500,870 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, 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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