Gamble Jones Investment Counsel Reduces Stock Position in AFLAC Incorporated (NYSE:AFL)

Gamble Jones Investment Counsel lowered its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,207 shares of the financial services provider’s stock after selling 2,674 shares during the quarter. Gamble Jones Investment Counsel’s holdings in AFLAC were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bourgeon Capital Management LLC purchased a new position in AFLAC during the 3rd quarter valued at $56,000. First Trust Advisors LP boosted its holdings in AFLAC by 26.2% during the 3rd quarter. First Trust Advisors LP now owns 1,180,535 shares of the financial services provider’s stock valued at $61,766,000 after acquiring an additional 245,370 shares during the period. Tibra Equities Europe Ltd purchased a new position in AFLAC during the 3rd quarter valued at $1,041,000. Huntington National Bank boosted its holdings in AFLAC by 1.9% during the 3rd quarter. Huntington National Bank now owns 187,214 shares of the financial services provider’s stock valued at $9,795,000 after acquiring an additional 3,479 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in AFLAC by 8.4% during the 3rd quarter. Parallel Advisors LLC now owns 11,145 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 862 shares during the period. Institutional investors own 64.68% of the company’s stock.

Several equities research analysts have weighed in on the company. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. UBS Group upped their target price on AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley upped their target price on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Bank of America set a $55.00 target price on AFLAC and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Raymond James cut AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price for the company. in a report on Monday, July 29th. Two equities research 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 presently has an average rating of “Hold” and a consensus price target of $53.73.

Shares of AFL stock traded down $0.01 during mid-day trading on Friday, hitting $54.14. The stock had a trading volume of 1,826,377 shares, compared to its average volume of 3,200,341. AFLAC Incorporated has a 12-month low of $41.88 and a 12-month high of $57.18. The firm has a market capitalization of $38.86 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. The firm’s 50-day moving average is $52.59 and its two-hundred day moving average is $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.05 and a quick ratio of 0.05.

AFLAC (NYSE:AFL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.09. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts expect that AFLAC Incorporated will post 4.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Tuesday, November 19th. AFLAC’s payout ratio is 25.96%.

In related news, Director Karole Lloyd purchased 1,000 shares of AFLAC stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $54.08 per share, with a total value of $54,080.00. Following the transaction, the director now owns 28,181 shares in the company, valued at approximately $1,524,028.48. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $52.00, for a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 11,349 shares of the company’s stock, valued at $590,148. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

AFLAC Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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