Private Advisor Group LLC increased its stake in Aflac Incorporated (NYSE:AFL) by 21.4% during the first quarter, Holdings Channel reports. The fund owned 18,540 shares of the financial services provider’s stock after buying an additional 3,272 shares during the period. Private Advisor Group LLC’s holdings in Aflac were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock valued at $166,000 after buying an additional 7 shares during the last quarter. Bollard Group LLC raised its position in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares during the last quarter. BKD Wealth Advisors LLC raised its position in Aflac by 0.9% in the first quarter. BKD Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $267,000 after buying an additional 34 shares during the last quarter. Private Trust Co. NA raised its position in Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock valued at $365,000 after buying an additional 42 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its position in Aflac by 1.1% in the first quarter. Alpha Cubed Investments LLC now owns 4,501 shares of the financial services provider’s stock valued at $326,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 64.07% of the company’s stock.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Shares of Aflac Incorporated (AFL) opened at 78.38 on Friday. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 12.75 and a beta of 1.00. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $78.38. The stock has a 50 day moving average price of $75.11 and a 200-day moving average price of $72.12.

Aflac (NYSE:AFL) last released its earnings results on Thursday, April 27th. The financial services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Analysts expect that Aflac Incorporated will post $6.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Wednesday, May 24th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, May 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.19%. Aflac’s dividend payout ratio is 27.92%.

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Several equities analysts recently issued reports on the company. Vetr upgraded Aflac from a “hold” rating to a “buy” rating and set a $77.50 price target on the stock in a research report on Tuesday, April 18th. J P Morgan Chase & Co raised their price target on Aflac from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, April 3rd. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Monday, April 17th. Bank of America Corporation upgraded Aflac from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $78.00 in a research report on Thursday, April 6th. They noted that the move was a valuation call. Finally, Deutsche Bank AG raised their price target on Aflac from $70.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Aflac has an average rating of “Hold” and a consensus target price of $74.55.

In related news, President Kriss Cloninger III sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total value of $194,300.00. Following the transaction, the president now owns 241,646 shares of the company’s stock, valued at $18,780,727.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul S. Amos II sold 222,889 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the transaction, the insider now directly owns 329,540 shares in the company, valued at approximately $25,506,396. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 233,201 shares of company stock worth $18,011,519. Insiders own 3.00% of the company’s stock.

About Aflac

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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