Aflac Incorporated (NYSE:AFL) Shares Purchased by Family Management Corp

Family Management Corp raised its holdings in Aflac Incorporated (NYSE:AFL) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 29,549 shares of the financial services provider’s stock after buying an additional 1,337 shares during the period. Family Management Corp’s holdings in Aflac were worth $3,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AFL. Roxbury Financial LLC purchased a new position in Aflac during the fourth quarter worth approximately $948,000. Willis Investment Counsel grew its holdings in shares of Aflac by 1.2% in the fourth quarter. Willis Investment Counsel now owns 273,466 shares of the financial services provider’s stock valued at $28,287,000 after purchasing an additional 3,357 shares during the period. Board of the Pension Protection Fund purchased a new position in Aflac during the fourth quarter worth about $1,014,000. Czech National Bank boosted its holdings in Aflac by 5.6% in the 4th quarter. Czech National Bank now owns 108,405 shares of the financial services provider’s stock valued at $11,213,000 after purchasing an additional 5,731 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Aflac by 10.1% during the 3rd quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock worth $155,529,000 after buying an additional 127,911 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the sale, the director now owns 25,393 shares of the company’s stock, valued at approximately $2,733,048.59. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles D. Lake II sold 29,802 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the completion of the transaction, the director now directly owns 49,962 shares of the company’s stock, valued at $5,360,422.98. This trade represents a 37.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Aflac Price Performance

AFL stock opened at $106.94 on Thursday. Aflac Incorporated has a 1 year low of $84.30 and a 1 year high of $115.50. The firm has a market capitalization of $58.37 billion, a P/E ratio of 11.14, a P/E/G ratio of 3.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. The business’s 50-day moving average is $107.32 and its two-hundred day moving average is $106.76.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.01). Aflac had a net margin of 28.76% and a return on equity of 16.20%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the business earned $1.66 EPS. The firm’s revenue was down 37.5% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Aflac’s dividend payout ratio (DPR) is presently 36.25%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AFL shares. Barclays increased their price objective on Aflac from $95.00 to $96.00 and gave the stock an “underweight” rating in a research report on Thursday, May 1st. BMO Capital Markets initiated coverage on shares of Aflac in a research note on Thursday, January 23rd. They set a “market perform” rating and a $111.00 target price for the company. Keefe, Bruyette & Woods upped their price objective on shares of Aflac from $104.00 to $106.00 and gave the stock a “market perform” rating in a report on Wednesday. Morgan Stanley dropped their target price on shares of Aflac from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Finally, UBS Group raised their price target on Aflac from $109.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.21.

Aflac Company Profile

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