WFG Advisors LP Lowers Holdings in Aflac Incorporated (AFL)
WFG Advisors LP lessened its stake in Aflac Incorporated (NYSE:AFL) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,927 shares of the financial services provider’s stock after selling 416 shares during the quarter. WFG Advisors LP’s holdings in Aflac were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. increased its position in Aflac by 320.5% in the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC increased its position in Aflac by 2.1% in the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 30 shares in the last quarter. Capital Analysts LLC acquired a new stake in Aflac in the 2nd quarter valued at about $131,000. Washington Trust Bank increased its position in Aflac by 0.9% in the 2nd quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 16 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Aflac in the 1st quarter valued at about $128,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.
Aflac Incorporated (AFL) traded down 0.14% on Wednesday, reaching $83.64. 234,528 shares of the company traded hands. The stock has a market capitalization of $33.06 billion, a PE ratio of 12.65 and a beta of 0.96. Aflac Incorporated has a one year low of $66.50 and a one year high of $84.68. The firm has a 50 day moving average of $82.63 and a 200-day moving average of $78.12.
Aflac (NYSE:AFL) last released its earnings results 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 business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, analysts anticipate that Aflac Incorporated will post $6.69 EPS for the current year.
Aflac announced that its board has authorized a share repurchase plan on Tuesday, August 8th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
In other Aflac news, insider James Todd Daniels sold 620 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the sale, the insider now owns 15,454 shares of the company’s stock, valued at approximately $1,259,346.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Kriss Cloninger III sold 3,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.06, for a total transaction of $283,710.00. Following the sale, the president now directly owns 253,196 shares of the company’s stock, valued at approximately $20,524,067.76. The disclosure for this sale can be found here. Insiders have sold a total of 31,899 shares of company stock valued at $2,662,483 in the last three months. Insiders own 3.00% of the company’s stock.
AFL has been the subject of several research reports. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC raised their price objective on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Wells Fargo & Company restated a “hold” rating and issued a $82.00 price objective on shares of Aflac in a research report on Thursday, September 28th. Finally, FBR & Co reiterated a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.63.
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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