Nisa Investment Advisors LLC boosted its holdings in AFLAC Incorporated (NYSE:AFL) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,380 shares of the financial services provider’s stock after buying an additional 2,313 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AFLAC were worth $14,693,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. San Francisco Sentry Investment Group CA grew its position in AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares in the last quarter. Harfst & Associates Inc. grew its position in AFLAC by 12.0% during the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares in the last quarter. Ifrah Financial Services Inc. purchased a new position in AFLAC during the 3rd quarter worth approximately $200,000. Lowe Brockenbrough & Co. Inc. purchased a new position in AFLAC during the 3rd quarter worth approximately $204,000. Finally, Cullen Frost Bankers Inc. purchased a new position in AFLAC during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 65.63% of the company’s stock.
Shares of AFLAC Incorporated (NYSE:AFL) opened at $84.94 on Friday. The stock has a market cap of $36,047.89, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. AFLAC Incorporated has a 52 week low of $66.50 and a 52 week high of $91.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. equities research analysts expect that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
In other AFLAC news, insider Audrey B. Tillman sold 310 shares of AFLAC stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the sale, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the sale, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The disclosure for this sale can be found here. Insiders have sold a total of 22,657 shares of company stock valued at $1,988,685 in the last three months. Company insiders own 3.00% of the company’s stock.
Several research firms have weighed in on AFL. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley reiterated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Wells Fargo & Co reiterated a “market perform” rating and set a $90.00 price objective (up from $84.00) on shares of AFLAC in a research report on Tuesday. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $71.00 price objective on shares of AFLAC in a research report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.29.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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