M&R Capital Management Inc. Cuts Holdings in AFLAC Incorporated (NYSE:AFL)

M&R Capital Management Inc. lowered its position in AFLAC Incorporated (NYSE:AFL) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,165 shares of the financial services provider’s stock after selling 1,700 shares during the period. M&R Capital Management Inc.’s holdings in AFLAC were worth $551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AFL. Bank of New York Mellon Corp raised its position in AFLAC by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 5,619,903 shares of the financial services provider’s stock valued at $202,484,000 after purchasing an additional 100,494 shares during the period. Assetmark Inc. lifted its stake in AFLAC by 15.3% in the second quarter. Assetmark Inc. now owns 320,374 shares of the financial services provider’s stock worth $11,982,000 after purchasing an additional 42,470 shares during the last quarter. Cibc World Markets Corp lifted its stake in AFLAC by 11.8% in the second quarter. Cibc World Markets Corp now owns 227,497 shares of the financial services provider’s stock worth $8,197,000 after purchasing an additional 24,047 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in AFLAC by 31.6% in the first quarter. The Manufacturers Life Insurance Company now owns 786,044 shares of the financial services provider’s stock worth $26,914,000 after purchasing an additional 188,603 shares during the last quarter. Finally, Kinneret Advisory LLC lifted its stake in AFLAC by 12.6% in the first quarter. Kinneret Advisory LLC now owns 8,517 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 953 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Several equities analysts have recently commented on the stock. Credit Suisse Group upped their price objective on shares of AFLAC from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 22nd. SunTrust Banks lowered their price objective on shares of AFLAC from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Morgan Stanley upped their price objective on shares of AFLAC from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, ValuEngine downgraded shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and an average price target of $44.22.

AFL traded up $0.04 during midday trading on Thursday, reaching $36.39. The company’s stock had a trading volume of 2,482,934 shares, compared to its average volume of 4,107,798. The firm has a market capitalization of $25.94 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.55 and a beta of 0.83. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.26. AFLAC Incorporated has a 1 year low of $23.07 and a 1 year high of $55.07. The stock’s 50-day moving average is $36.97 and its 200-day moving average is $35.82.

AFLAC (NYSE:AFL) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.23. AFLAC had a net margin of 13.50% and a return on equity of 11.98%. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that AFLAC Incorporated will post 4.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, August 18th. AFLAC’s dividend payout ratio is currently 25.23%.

In other AFLAC news, Director Karole Lloyd acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average price of $38.13 per share, with a total value of $38,130.00. Following the completion of the purchase, the director now directly owns 33,085 shares in the company, valued at approximately $1,261,531.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles D. Lake II sold 16,392 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $37.32, for a total value of $611,749.44. Following the completion of the transaction, the director now directly owns 83,540 shares of the company’s stock, valued at approximately $3,117,712.80. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

AFLAC Company Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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