Strategy Asset Managers LLC Invests $220,000 in Aflac Incorporated (NYSE:AFL)

Strategy Asset Managers LLC purchased a new stake in shares of Aflac Incorporated (NYSE:AFL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,305 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other hedge funds have also added to or reduced their stakes in AFL. Fort Washington Investment Advisors Inc. OH acquired a new stake in Aflac during the 4th quarter valued at $213,000. Mattern Capital Management LLC increased its holdings in Aflac by 4.8% during the 4th quarter. Mattern Capital Management LLC now owns 118,708 shares of the financial services provider’s stock valued at $5,279,000 after purchasing an additional 5,405 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Aflac by 1.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 66,184 shares of the financial services provider’s stock valued at $2,943,000 after purchasing an additional 1,030 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Aflac by 23.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 40,914 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 7,870 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in Aflac during the 4th quarter valued at $511,000. 65.88% of the stock is owned by hedge funds and other institutional investors.

AFL stock opened at $56.20 on Friday. The business’s 50-day simple moving average is $54.75. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 2.20 and a beta of 1.00. Aflac Incorporated has a 1-year low of $33.37 and a 1-year high of $57.57.

Aflac (NYSE:AFL) last posted its earnings results on Tuesday, April 27th. The financial services provider reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.32. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.55 billion. Aflac had a return on equity of 11.69% and a net margin of 24.09%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, sell-side analysts expect that Aflac Incorporated will post 5.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Wednesday, May 19th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Tuesday, May 18th. Aflac’s dividend payout ratio is 26.61%.

A number of research analysts have commented on AFL shares. JPMorgan Chase & Co. increased their price objective on Aflac from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, April 5th. Royal Bank of Canada increased their price objective on Aflac from $47.00 to $56.00 and gave the company a “sector perform” rating in a research report on Friday, April 30th. UBS Group started coverage on Aflac in a research report on Monday, April 26th. They issued a “neutral” rating and a $55.00 price objective on the stock. Credit Suisse Group raised their price target on Aflac from $40.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 25th. Finally, Morgan Stanley raised their price target on Aflac from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.92.

In other Aflac news, Director Toshihiko Fukuzawa sold 2,230 shares of Aflac stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $54.94, for a total value of $122,516.20. Following the sale, the director now owns 13,457 shares of the company’s stock, valued at approximately $739,327.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Todd Daniels sold 4,118 shares of Aflac stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $51.10, for a total value of $210,429.80. Following the completion of the sale, the chief financial officer now directly owns 36,381 shares in the company, valued at approximately $1,859,069.10. The disclosure for this sale can be found here. Insiders sold a total of 36,548 shares of company stock worth $1,856,657 in the last three months. Company insiders own 1.50% of the company’s stock.

About Aflac

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

Further Reading: Street Name

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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