Aflac Incorporated (NYSE:AFL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aflac Incorporated (NYSE:AFLGet Rating) by 4.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,587,230 shares of the financial services provider’s stock after acquiring an additional 74,701 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aflac were worth $102,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Smith Shellnut Wilson LLC ADV grew its holdings in Aflac by 0.8% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 20,986 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 165 shares during the last quarter. Smith Moore & CO. grew its holdings in Aflac by 2.7% in the fourth quarter. Smith Moore & CO. now owns 6,722 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 174 shares during the last quarter. Cerro Pacific Wealth Advisors LLC grew its holdings in Aflac by 1.4% in the first quarter. Cerro Pacific Wealth Advisors LLC now owns 12,350 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 174 shares during the last quarter. Insight Folios Inc grew its holdings in Aflac by 3.2% in the fourth quarter. Insight Folios Inc now owns 5,655 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 176 shares during the last quarter. Finally, BOKF NA grew its holdings in Aflac by 0.6% in the fourth quarter. BOKF NA now owns 33,105 shares of the financial services provider’s stock valued at $1,933,000 after purchasing an additional 186 shares during the last quarter. 66.45% of the stock is currently owned by institutional investors.

A number of research firms recently commented on AFL. Citigroup began coverage on Aflac in a research note on Monday, May 23rd. They set a “neutral” rating and a $60.00 price objective on the stock. StockNews.com began coverage on Aflac in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Piper Sandler increased their price objective on Aflac from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.30.

NYSE:AFL traded up $0.26 during mid-day trading on Friday, reaching $55.59. The company’s stock had a trading volume of 26,749 shares, compared to its average volume of 3,036,115. The company’s fifty day simple moving average is $57.23 and its two-hundred day simple moving average is $60.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.06 and a quick ratio of 0.06. Aflac Incorporated has a twelve month low of $51.28 and a twelve month high of $67.20. The stock has a market cap of $35.81 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.12 and a beta of 0.96.

Aflac (NYSE:AFLGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Aflac had a return on equity of 11.96% and a net margin of 18.90%. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the company earned $1.53 EPS. Sell-side analysts expect that Aflac Incorporated will post 5.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.88%. Aflac’s dividend payout ratio (DPR) is 26.27%.

In other news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were bought at an average cost of $59.36 per share, for a total transaction of $59,360.00. Following the acquisition, the director now directly owns 38,588 shares in the company, valued at approximately $2,290,583.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.

Aflac 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.

See Also

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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