Aflac Incorporated $AFL Shares Acquired by Skandinaviska Enskilda Banken AB publ

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ increased its position in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,782 shares of the financial services provider’s stock after purchasing an additional 4,517 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Aflac were worth $12,105,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its stake in shares of Aflac by 1,526.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after buying an additional 229 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Aflac during the second quarter worth $26,000. AlphaCore Capital LLC purchased a new position in Aflac in the first quarter worth $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Aflac in the second quarter valued at $26,000. Finally, Hilltop National Bank acquired a new stake in Aflac in the second quarter valued at $32,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $114.00, for a total transaction of $114,000.00. Following the transaction, the director directly owned 23,615 shares in the company, valued at approximately $2,692,110. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Audrey B. Tillman sold 15,862 shares of Aflac stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $112.00, for a total value of $1,776,544.00. Following the completion of the sale, the executive vice president owned 230,688 shares of the company’s stock, valued at $25,837,056. This trade represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,822 shares of company stock valued at $2,571,002 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Aflac in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Aflac from $100.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Morgan Stanley lifted their price target on shares of Aflac from $113.00 to $118.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Wells Fargo & Company boosted their price target on Aflac from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Finally, Evercore ISI raised their price objective on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.00.

Get Our Latest Stock Report on AFL

Aflac Trading Down 0.2%

Shares of Aflac stock opened at $110.31 on Friday. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.11. The business has a 50 day moving average price of $110.31 and a 200 day moving average price of $106.27. The company has a market capitalization of $57.82 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.93 and a beta of 0.83.

Aflac (NYSE:AFL – Get Free Report) last released its quarterly earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $5.91 billion for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. Sell-side analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac announced that its board has initiated a stock buyback program on Tuesday, August 12th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Aflac’s previous quarterly dividend of $0.58. Aflac’s dividend payout ratio is currently 31.85%.

Aflac Profile

(Free Report)

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.

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