Tredje AP fonden boosted its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,996 shares of the financial services provider’s stock after buying an additional 8,893 shares during the quarter. Tredje AP fonden’s holdings in AFLAC were worth $2,213,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. National Asset Management Inc. lifted its position in shares of AFLAC by 29.2% in the first quarter. National Asset Management Inc. now owns 14,787 shares of the financial services provider’s stock valued at $508,000 after buying an additional 3,341 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in AFLAC by 34.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 38,259 shares of the financial services provider’s stock valued at $1,310,000 after acquiring an additional 9,746 shares during the period. Biltmore Family Office LLC raised its stake in AFLAC by 1.9% in the 1st quarter. Biltmore Family Office LLC now owns 32,325 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 600 shares during the period. AGF Investments Inc. lifted its holdings in AFLAC by 48.7% during the 1st quarter. AGF Investments Inc. now owns 1,555,119 shares of the financial services provider’s stock valued at $53,247,000 after purchasing an additional 509,122 shares during the last quarter. Finally, AGF Investments America Inc. boosted its position in AFLAC by 54.8% during the first quarter. AGF Investments America Inc. now owns 61,150 shares of the financial services provider’s stock worth $2,094,000 after purchasing an additional 21,645 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.
AFL has been the subject of a number of research reports. Raymond James cut their target price on shares of AFLAC from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. ValuEngine upgraded shares of AFLAC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Zacks Investment Research downgraded AFLAC from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a research report on Tuesday, April 7th. SunTrust Banks dropped their price target on AFLAC from $54.00 to $44.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Credit Suisse Group decreased their price objective on AFLAC from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.51.
In related news, COO Frederick John Crawford bought 25,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were purchased at an average cost of $28.69 per share, with a total value of $717,250.00. Following the completion of the purchase, the chief operating officer now owns 247,828 shares in the company, valued at approximately $7,110,185.32. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
NYSE:AFL traded down $0.15 during trading hours on Friday, reaching $34.70. 2,874,982 shares of the company were exchanged, compared to its average volume of 4,014,879. The business has a 50 day moving average of $35.48 and a 200 day moving average of $45.71. AFLAC Incorporated has a 1-year low of $23.07 and a 1-year high of $57.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $25.01 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.61 and a beta of 0.90.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.11. AFLAC had a net margin of 13.49% and a return on equity of 11.84%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the prior year, the business posted $1.12 earnings per share. AFLAC’s revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that AFLAC Incorporated will post 4.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.12 annualized dividend and a dividend yield of 3.23%. AFLAC’s payout ratio is 25.23%.
AFLAC Company 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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