MAI Capital Management Sells 7,321 Shares of Aflac Incorporated (NYSE:AFL)

MAI Capital Management trimmed its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 34.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,211 shares of the financial services provider's stock after selling 7,321 shares during the period. MAI Capital Management's holdings in Aflac were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AFL. Y.D. More Investments Ltd acquired a new stake in Aflac in the 2nd quarter worth about $25,000. Covestor Ltd increased its position in Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock worth $41,000 after purchasing an additional 107 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Aflac in the third quarter valued at approximately $45,000. Catalyst Capital Advisors LLC bought a new stake in shares of Aflac during the third quarter worth $51,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Aflac during the third quarter worth $52,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen began coverage on Aflac in a report on Wednesday, October 9th. They issued a "hold" rating and a $102.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Aflac from $106.00 to $107.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Evercore ISI increased their price objective on Aflac from $84.00 to $90.00 and gave the company an "underperform" rating in a report on Thursday, September 26th. Morgan Stanley lifted their target price on Aflac from $91.00 to $98.00 and gave the stock an "equal weight" rating in a report on Monday, August 19th. Finally, UBS Group raised their price objective on Aflac from $84.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $97.93.

Aflac Price Performance

Shares of AFL stock traded up $1.08 during trading hours on Thursday, reaching $111.32. The stock had a trading volume of 190,845 shares, compared to its average volume of 2,212,201. The stock's fifty day simple moving average is $110.58 and its 200 day simple moving average is $100.16. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $61.84 billion, a PE ratio of 16.60, a PEG ratio of 2.14 and a beta of 0.96. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the business earned $1.84 earnings per share. Aflac's revenue for the quarter was down 40.4% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post 7.22 EPS for the current year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. Aflac's dividend payout ratio (DPR) is presently 30.12%.

Aflac Company Profile

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.