Sabal Trust CO Increases Stake in AFLAC Incorporated (NYSE:AFL)
Sabal Trust CO increased its position in shares of AFLAC Incorporated (NYSE:AFL) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 575,959 shares of the financial services provider’s stock after buying an additional 4,547 shares during the period. AFLAC comprises approximately 2.8% of Sabal Trust CO’s holdings, making the stock its 11th largest holding. Sabal Trust CO owned about 0.08% of AFLAC worth $31,567,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in AFLAC during the fourth quarter valued at 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 valued at $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 valued at $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 valued at $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 valued at $73,758,000 after purchasing an additional 1,320,458 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Shares of AFLAC stock traded down $0.85 on Monday, reaching $53.04. 280,079 shares of the stock were exchanged, compared to its average volume of 2,762,319. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05. AFLAC Incorporated has a twelve month low of $41.45 and a twelve month high of $57.18. The company has a market capitalization of $39.78 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a 50 day simple moving average of $55.37.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s dividend payout ratio (DPR) is 25.96%.
AFL has been the subject of several recent analyst reports. Evercore ISI initiated coverage on PagSeguro Digital in a report on Tuesday, July 16th. They issued an “outperform” rating for the company. UBS Group raised their price target on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Raymond James reissued an “average” rating and issued a $64.00 price target on shares of Invesco Ultra Short Duration ETF in a report on Monday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Barclays set a $34.00 price target on DCP Midstream and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.80.
In related news, SVP Albert Riggieri sold 5,247 shares of AFLAC stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $52.39, for a total transaction of $274,890.33. Following the completion of the transaction, the senior vice president now directly owns 10,698 shares in the company, valued at $560,468.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Koji Ariyoshi sold 63,703 shares of AFLAC stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total value of $3,325,296.60. Following 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. Insiders have sold 148,324 shares of company stock valued at $7,635,840 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.
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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