AFLAC Incorporated (NYSE:AFL) Shares Sold by Huntington National Bank
Huntington National Bank cut its position in AFLAC Incorporated (NYSE:AFL) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,735 shares of the financial services provider’s stock after selling 6,057 shares during the period. Huntington National Bank’s holdings in AFLAC were worth $10,070,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of AFLAC in the fourth quarter worth about $260,062,000. American Century Companies Inc. boosted its position in AFLAC by 86.9% during the first 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. Robeco Institutional Asset Management B.V. boosted its position in AFLAC by 78.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,155,649 shares of the financial services provider’s stock worth $157,787,000 after purchasing an additional 1,392,015 shares in the last quarter. BlackRock Inc. boosted its position in AFLAC by 2.7% during the first 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. Finally, Acadian Asset Management LLC boosted its position in AFLAC by 853.6% during the first quarter. Acadian Asset Management LLC now owns 1,475,147 shares of the financial services provider’s stock worth $73,758,000 after purchasing an additional 1,320,458 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.
AFL stock traded up $0.12 during midday trading on Friday, hitting $53.89. 4,372,935 shares of the company’s stock were exchanged, compared to its average volume of 2,710,534. The company’s 50-day simple moving average is $55.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $40.17 billion, a PE ratio of 12.95, a PEG ratio of 3.01 and a beta of 0.72. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.18.
The firm also recently announced 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 2.00%. AFLAC’s dividend payout ratio (DPR) is 25.96%.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. UBS Group increased their price target on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley reiterated a “hold” rating and set a $20.10 price target on shares of ABB in a research report on Friday. Barclays set a $34.00 price target on DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Finally, Evercore ISI assumed coverage on PagSeguro Digital in a research report on Tuesday, July 16th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.80.
In other AFLAC news, insider Teresa L. White sold 57,124 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the completion of the sale, the insider now owns 76,378 shares of the company’s stock, valued at $3,848,687.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Albert Riggieri sold 5,247 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $52.39, for a total value of $274,890.33. Following the sale, the senior vice president now directly owns 10,698 shares of the company’s stock, valued at approximately $560,468.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,324 shares of company stock valued at $7,635,840. 1.30% of the stock is owned by insiders.
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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