AFLAC Incorporated (NYSE:AFL) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC cut its stake in AFLAC Incorporated (NYSE:AFL) by 17.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,032 shares of the financial services provider’s stock after selling 4,300 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in AFLAC were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in AFLAC by 2.7% in the 1st quarter. BlackRock Inc. now owns 53,029,685 shares of the financial services provider’s stock worth $2,651,483,000 after purchasing an additional 1,381,807 shares in the last quarter. FMR LLC boosted its stake in AFLAC by 2.8% in the 1st quarter. FMR LLC now owns 11,409,334 shares of the financial services provider’s stock worth $570,466,000 after purchasing an additional 307,940 shares in the last quarter. Geode Capital Management LLC boosted its stake in AFLAC by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 10,367,524 shares of the financial services provider’s stock worth $471,555,000 after purchasing an additional 724,613 shares in the last quarter. American Century Companies Inc. boosted its stake in AFLAC by 86.9% in the 1st quarter. American Century Companies Inc. now owns 6,960,057 shares of the financial services provider’s stock worth $348,003,000 after purchasing an additional 3,235,386 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in AFLAC by 12.6% in the 1st quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock worth $311,766,000 after purchasing an additional 696,326 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

NYSE AFL traded down $1.15 on Friday, hitting $48.36. 4,128,934 shares of the company’s stock traded hands, compared to its average volume of 3,557,638. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.18. The firm’s 50-day moving average price is $53.84 and its two-hundred day moving average price is $51.58. The firm has a market capitalization of $36.26 billion, a PE ratio of 11.63, a P/E/G ratio of 2.72 and a beta of 0.71.

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

The firm 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 2.23%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s payout ratio is 25.96%.

In related news, insider June P. Howard sold 4,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $52.35, for a total value of $209,400.00. Following the completion of the transaction, the insider now directly owns 64,591 shares in the company, valued at approximately $3,381,338.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Koji Ariyoshi sold 63,703 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the completion of the transaction, the vice president now owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,230 shares of company stock valued at $4,357,815. Company insiders own 1.30% of the company’s stock.

A number of research firms recently commented on AFL. UBS Group lowered their target price on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Barclays decreased their price objective on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday. ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, April 30th. Finally, Morgan Stanley lifted their price objective on shares of AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.07.

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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