Bank of Montreal Can Has $26.12 Million Stake in Aflac Incorporated (NYSE:AFL)

Bank of Montreal Can lowered its position in Aflac Incorporated (NYSE:AFLGet Rating) by 20.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 398,666 shares of the financial services provider’s stock after selling 103,142 shares during the quarter. Bank of Montreal Can owned 0.06% of Aflac worth $26,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kwmg LLC increased its stake in shares of Aflac by 2.1% in the first quarter. Kwmg LLC now owns 83,071 shares of the financial services provider’s stock valued at $5,349,000 after buying an additional 1,730 shares during the period. Van ECK Associates Corp increased its stake in shares of Aflac by 10.9% in the first quarter. Van ECK Associates Corp now owns 73,817 shares of the financial services provider’s stock valued at $4,753,000 after buying an additional 7,237 shares during the period. Good Life Advisors LLC increased its stake in shares of Aflac by 5.9% in the first quarter. Good Life Advisors LLC now owns 3,832 shares of the financial services provider’s stock valued at $247,000 after buying an additional 212 shares during the period. Stifel Financial Corp increased its stake in shares of Aflac by 5.6% in the fourth quarter. Stifel Financial Corp now owns 544,966 shares of the financial services provider’s stock valued at $31,820,000 after buying an additional 29,002 shares during the period. Finally, Buckingham Strategic Wealth LLC increased its stake in shares of Aflac by 4.1% in the first quarter. Buckingham Strategic Wealth LLC now owns 11,475 shares of the financial services provider’s stock valued at $739,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 66.32% of the company’s stock.

Insider Activity at Aflac

In related news, Director Barbara K. Rimer sold 11,026 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.49, for a total transaction of $644,910.74. Following the sale, the director now directly owns 33,413 shares in the company, valued at approximately $1,954,326.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Barbara K. Rimer sold 11,026 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $58.49, for a total transaction of $644,910.74. Following the sale, the director now directly owns 33,413 shares in the company, valued at approximately $1,954,326.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Todd Daniels sold 16,946 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $64.03, for a total transaction of $1,085,052.38. Following the sale, the chief financial officer now owns 53,025 shares in the company, valued at $3,395,190.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,272 shares of company stock worth $2,338,959. 1.10% of the stock is owned by corporate insiders.

Aflac Trading Down 0.2 %

NYSE AFL opened at $59.40 on Friday. The firm has a market capitalization of $37.54 billion, a P/E ratio of 8.96, a PEG ratio of 2.28 and a beta of 0.93. The business has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $59.71. Aflac Incorporated has a 12 month low of $51.28 and a 12 month high of $67.20. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.28.

Aflac (NYSE:AFLGet Rating) last released its quarterly earnings results on Monday, August 1st. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Aflac had a return on equity of 12.40% and a net margin of 20.37%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same period in the prior year, the firm posted $1.59 EPS. Aflac’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Aflac Incorporated will post 5.33 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, August 23rd. Aflac’s payout ratio is 24.13%.

Analysts Set New Price Targets

AFL has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Aflac from $61.00 to $62.00 in a report on Monday, July 11th. Morgan Stanley upped their target price on Aflac from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. Citigroup initiated coverage on Aflac in a report on Monday, May 23rd. They issued a “neutral” rating and a $60.00 target price on the stock. Piper Sandler cut their price target on Aflac from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, Evercore ISI cut their target price on Aflac from $60.00 to $59.00 and set an “in-line” rating on the stock in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Aflac presently has an average rating of “Hold” and an average price target of $62.17.

Aflac Company Profile

(Get Rating)

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

Featured Stories

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFLGet Rating).

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.