Naples Global Advisors LLC cut its holdings in AFLAC Incorporated (NYSE:AFL) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,985 shares of the financial services provider’s stock after selling 700 shares during the quarter. Naples Global Advisors LLC’s holdings in AFLAC were worth $1,307,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in AFLAC in the second quarter worth $25,000. Lenox Wealth Advisors LLC bought a new stake in AFLAC in the third quarter worth $25,000. Pearl River Capital LLC bought a new stake in AFLAC in the second quarter worth $27,000. Virtus ETF Advisers LLC bought a new stake in AFLAC in the second quarter worth $32,000. Finally, North Star Investment Management Corp. bought a new stake in AFLAC in the third quarter worth $31,000. Institutional investors own 64.27% of the company’s stock.
In other news, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction on Friday, September 27th. The stock was sold at an average price of $52.00, for a total transaction of $78,000.00. Following the completion of the sale, the director now directly owns 11,349 shares in the company, valued at $590,148. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider June P. Howard sold 4,000 shares of AFLAC stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $52.35, for a total value of $209,400.00. Following the sale, the insider now owns 64,591 shares of the company’s stock, valued at $3,381,338.85. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on AFL shares. Barclays lowered their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Bank of America set a $55.00 price target on AFLAC and gave the stock a “hold” rating in a research report on Friday. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a research report on Tuesday, July 16th. Morgan Stanley raised their price target on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, UBS Group raised their price target on AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. AFLAC has an average rating of “Hold” and a consensus price target of $53.73.
Shares of NYSE:AFL traded up $0.25 on Monday, hitting $53.51. 158,248 shares of the company’s stock were exchanged, compared to its average volume of 3,057,862. AFLAC Incorporated has a 12 month low of $41.45 and a 12 month high of $57.18. The stock has a market capitalization of $38.91 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 3.98 and a beta of 0.71. The business’s 50 day simple moving average is $52.09 and its two-hundred day simple moving average is $52.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.04 and a quick ratio of 0.04.
AFLAC (NYSE:AFL) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.09. AFLAC had a return on equity of 12.88% and a net margin of 13.96%. The business had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts forecast that AFLAC Incorporated will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.02%. AFLAC’s dividend payout ratio (DPR) is 25.96%.
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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