AFLAC Incorporated (AFL) Shares Sold by One Capital Management LLC

One Capital Management LLC trimmed its holdings in AFLAC Incorporated (NYSE:AFL) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,660 shares of the financial services provider’s stock after selling 2,022 shares during the quarter. One Capital Management LLC’s holdings in AFLAC were worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its stake in AFLAC by 105.9% during the first quarter. BlackRock Inc. now owns 51,061,717 shares of the financial services provider’s stock valued at $2,234,459,000 after buying an additional 26,264,017 shares in the last quarter. Northern Trust Corp lifted its stake in AFLAC by 96.3% during the first quarter. Northern Trust Corp now owns 10,631,066 shares of the financial services provider’s stock valued at $465,215,000 after buying an additional 5,215,905 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in AFLAC by 681.1% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 4,891,075 shares of the financial services provider’s stock valued at $214,033,000 after buying an additional 4,264,932 shares in the last quarter. LSV Asset Management lifted its stake in AFLAC by 111.3% during the first quarter. LSV Asset Management now owns 6,070,376 shares of the financial services provider’s stock valued at $265,639,000 after buying an additional 3,196,878 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AFLAC by 98.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,240,111 shares of the financial services provider’s stock valued at $273,050,000 after buying an additional 3,103,311 shares in the last quarter. 67.81% of the stock is owned by institutional investors.

AFLAC opened at $46.48 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $35.90 billion, a PE ratio of 13.67, a P/E/G ratio of 1.36 and a beta of 0.98. AFLAC Incorporated has a 52-week low of $39.58 and a 52-week high of $47.08.

AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. sell-side analysts predict that AFLAC Incorporated will post 4.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Wednesday, August 22nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, August 21st. AFLAC’s dividend payout ratio (DPR) is 30.59%.

A number of research firms have commented on AFL. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, August 7th. Credit Suisse Group began coverage on shares of AFLAC in a research note on Wednesday, April 25th. They set a “neutral” rating and a $49.00 price objective for the company. JPMorgan Chase & Co. set a $47.00 price objective on shares of AFLAC and gave the company a “buy” rating in a research note on Thursday, April 26th. Finally, Wells Fargo & Co set a $48.00 price objective on shares of AFLAC and gave the company a “hold” rating in a research note on Wednesday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $47.50.

In other news, insider Eric M. Kirsch sold 66,447 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the sale, the insider now directly owns 128,796 shares of the company’s stock, valued at $5,578,154.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

About AFLAC

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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.

Further Reading: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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