Aflac Incorporated (NYSE:AFL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Aflac Incorporated (NYSE:AFL) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,209 shares of the financial services provider’s stock after selling 3,809 shares during the period. Mutual of America Capital Management LLC’s holdings in Aflac were worth $5,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd purchased a new stake in shares of Aflac in the second quarter valued at approximately $25,000. Atwood & Palmer Inc. grew its stake in shares of Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 140 shares during the period. OFI Invest Asset Management purchased a new position in shares of Aflac in the 1st quarter valued at about $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Aflac in the first quarter valued at about $34,000. Finally, Cedar Wealth Management LLC purchased a new stake in Aflac during the first quarter worth about $50,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AFL shares. Wells Fargo & Company lifted their price target on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Citigroup lifted their price objective on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Bank of America raised their price target on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Jefferies Financial Group decreased their price objective on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, UBS Group increased their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus target price of $92.50.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Aflac Trading Up 0.0 %

Shares of Aflac stock opened at $107.89 on Friday. Aflac Incorporated has a fifty-two week low of $74.89 and a fifty-two week high of $111.14. The business’s fifty day moving average is $102.88 and its two-hundred day moving average is $91.88. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market cap of $61.31 billion, a PE ratio of 11.91, a P/E/G ratio of 2.53 and a beta of 0.95.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. Analysts anticipate that Aflac Incorporated will post 6.75 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. Aflac’s payout ratio is 22.08%.

About Aflac

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