Mutual of America Capital Management LLC Lowers Position in Aflac Incorporated (NYSE:AFL)

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Mutual of America Capital Management LLC lessened its holdings in Aflac Incorporated (NYSE:AFLGet Rating) by 0.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 80,067 shares of the financial services provider’s stock after selling 305 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aflac were worth $5,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kwmg LLC raised its position in shares of Aflac by 2.1% in the first quarter. Kwmg LLC now owns 83,071 shares of the financial services provider’s stock worth $5,349,000 after buying an additional 1,730 shares in the last quarter. Good Life Advisors LLC raised its position in shares of Aflac by 5.9% in the first quarter. Good Life Advisors LLC now owns 3,832 shares of the financial services provider’s stock worth $247,000 after buying an additional 212 shares in the last quarter. AGF Investments America Inc. increased its stake in Aflac by 2.4% in the fourth quarter. AGF Investments America Inc. now owns 67,600 shares of the financial services provider’s stock valued at $3,947,000 after acquiring an additional 1,609 shares during the last quarter. Stifel Financial Corp increased its stake in Aflac by 5.6% in the fourth quarter. Stifel Financial Corp now owns 544,966 shares of the financial services provider’s stock valued at $31,820,000 after acquiring an additional 29,002 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Aflac by 14.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 61,126 shares of the financial services provider’s stock valued at $3,570,000 after acquiring an additional 7,565 shares during the last quarter. Hedge funds and other institutional investors own 66.45% of the company’s stock.

Insiders Place Their Bets

In related news, Director Karole Lloyd acquired 1,000 shares of the stock in a transaction on Thursday, April 28th. The stock was acquired at an average cost of $59.36 per share, for a total transaction of $59,360.00. Following the completion of the acquisition, the director now directly owns 38,588 shares of the company’s stock, valued at approximately $2,290,583.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on AFL. Morgan Stanley reduced their target price on Aflac from $69.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Citigroup began coverage on Aflac in a research note on Monday, May 23rd. They issued a “neutral” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Aflac from $61.00 to $62.00 in a research note on Monday, July 11th. Evercore ISI reduced their price objective on Aflac from $60.00 to $59.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 6th. Finally, StockNews.com began coverage on Aflac in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.08.

Aflac Stock Up 0.5 %

NYSE AFL opened at $55.28 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $35.61 billion, a PE ratio of 9.08, a PEG ratio of 2.12 and a beta of 0.96. Aflac Incorporated has a 1 year low of $51.28 and a 1 year high of $67.20. The business’s 50-day moving average is $56.14 and its 200 day moving average is $60.25.

Aflac (NYSE:AFLGet Rating) last posted its earnings results on Wednesday, April 27th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. Aflac had a return on equity of 11.96% and a net margin of 18.90%. The company had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the firm earned $1.53 earnings per share. Sell-side analysts forecast that Aflac Incorporated will post 5.22 earnings per share for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a $1.60 annualized dividend and a yield of 2.89%. Aflac’s dividend payout ratio (DPR) is presently 26.27%.

About Aflac

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Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

See Also

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFLGet Rating).

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