HL Financial Services LLC increased its stake in shares of AFLAC Incorporated (NYSE:AFL) by 27.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,667 shares of the financial services provider’s stock after buying an additional 10,603 shares during the quarter. HL Financial Services LLC’s holdings in AFLAC were worth $2,338,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its holdings in AFLAC by 34,171.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 93,631 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in AFLAC in the third quarter valued at $104,000. Truvestments Capital LLC purchased a new stake in AFLAC in the third quarter valued at $107,000. Spectrum Management Group Inc. purchased a new stake in AFLAC in the second quarter valued at $122,000. Finally, Squar Milner Financial Services LLC purchased a new stake in AFLAC in the second quarter valued at $130,000. 66.91% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Douglas Wayne Johnson sold 2,000 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the sale, the director now directly owns 29,859 shares of the company’s stock, valued at approximately $1,389,040.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph L. Moskowitz sold 1,500 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the sale, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
AFL stock opened at $45.04 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a 52-week low of $41.41 and a 52-week high of $48.19. The stock has a market cap of $34.30 billion, a PE ratio of 11.41, a PEG ratio of 1.31 and a beta of 0.95.
AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the company posted $0.85 EPS. Sell-side analysts forecast that AFLAC Incorporated will post 4.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Tuesday, November 20th. AFLAC’s payout ratio is currently 30.59%.
Several equities research analysts have commented on AFL shares. Morgan Stanley upped their price target on shares of AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, September 27th. Zacks Investment Research lowered shares of AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Credit Suisse Group lowered their price target on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a report on Wednesday, October 3rd. Finally, ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.54.
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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