Exeter Financial LLC Grows Stock Position in AFLAC Incorporated (NYSE:AFL)

Exeter Financial LLC boosted its position in shares of AFLAC Incorporated (NYSE:AFL) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,316 shares of the financial services provider’s stock after acquiring an additional 197 shares during the period. AFLAC accounts for about 3.4% of Exeter Financial LLC’s investment portfolio, making the stock its 5th largest position. Exeter Financial LLC’s holdings in AFLAC were worth $4,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new stake in shares of AFLAC during the first quarter valued at approximately $60,000. Oregon Public Employees Retirement Fund raised its position in shares of AFLAC by 8.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 167,810 shares of the financial services provider’s stock valued at $9,198,000 after buying an additional 13,349 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of AFLAC by 12.6% in the first quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock valued at $311,766,000 after purchasing an additional 696,326 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of AFLAC by 2.2% in the first quarter. PNC Financial Services Group Inc. now owns 329,029 shares of the financial services provider’s stock valued at $16,452,000 after purchasing an additional 7,119 shares in the last quarter. Finally, Origin Asset Management LLP grew its holdings in shares of AFLAC by 5.7% in the first quarter. Origin Asset Management LLP now owns 365,000 shares of the financial services provider’s stock valued at $18,250,000 after purchasing an additional 19,700 shares in the last quarter. Institutional investors own 66.93% of the company’s stock.

AFL stock opened at $52.03 on Wednesday. The firm has a fifty day simple moving average of $54.95. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two 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 stock has a market capitalization of $38.89 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.91 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 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. AFLAC’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. As a group, research analysts anticipate that AFLAC Incorporated will post 4.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s payout ratio is 25.96%.

AFL has been the subject of a number of recent research reports. ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Barclays raised their target price on shares of AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, May 22nd. UBS Group cut their target price on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Raymond James lowered shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price for the company. in a report on Monday, July 29th. Finally, Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. AFLAC has a consensus rating of “Hold” and a consensus price target of $51.96.

In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $51.00, for a total transaction of $76,500.00. Following the completion of the transaction, the director now directly owns 12,816 shares of the company’s stock, valued at $653,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Koji Ariyoshi sold 63,703 shares of AFLAC stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The disclosure for this sale can be found here. Insiders have sold 105,480 shares of company stock valued at $5,514,990 over the last ninety days. 1.30% of the stock is owned by 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.

See Also: Earnings Reports

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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