Security National Bank of Sioux City Iowa IA Purchases 7,752 Shares of Aflac Incorporated $AFL
by Mitch Edgeman · The Markets DailySecurity National Bank of Sioux City Iowa IA increased its position in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 24.4% during the 2nd quarter, Holdings Channel reports. The firm owned 39,570 shares of the financial services provider’s stock after acquiring an additional 7,752 shares during the period. Aflac comprises 1.9% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 11th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Aflac were worth $4,640,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of AFL. BlackRock Inc. purchased a new stake in shares of Aflac during the 2nd quarter valued at about $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock worth $609,843,000 after acquiring an additional 1,132,091 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock worth $499,216,000 after acquiring an additional 67,650 shares in the last quarter. Norges Bank bought a new stake in Aflac during the fourth quarter worth approximately $420,078,000. Finally, Legal & General Group Plc purchased a new stake in Aflac during the second quarter valued at approximately $404,639,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
Aflac Trading Down 0.2%
Shares of NYSE:AFL traded down $0.28 during trading on Friday, reaching $116.32. 6,744,172 shares of the company were exchanged, compared to its average volume of 2,345,123. The firm has a market capitalization of $58.31 billion, a PE ratio of 12.47, a P/E/G ratio of 1.88 and a beta of 0.59. The business’s fifty day simple moving average is $120.74 and its 200-day simple moving average is $116.46. Aflac Incorporated has a 12-month low of $105.43 and a 12-month high of $130.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.
Aflac (NYSE:AFL – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Aflac’s dividend payout ratio is currently 26.15%.
Insider Activity
In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the transaction, the insider owned 50,898,490 shares in the company, valued at approximately $5,940,362,767.90. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 355,316 shares of company stock worth $41,740,654. 0.80% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently weighed in on AFL. JPMorgan Chase & Co. decreased their price target on Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Mizuho set a $116.00 price objective on shares of Aflac in a research report on Monday, August 10th. Wells Fargo & Company set a $122.00 target price on shares of Aflac and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. TD Cowen reaffirmed a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Finally, Barclays reissued an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aflac has an average rating of “Hold” and a consensus price target of $116.62.
Check Out Our Latest Stock Report on AFL
Aflac Profile
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
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