Arizona State Retirement System cut its position in shares of AFLAC Incorporated (NYSE:AFL) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 238,173 shares of the financial services provider’s stock after selling 20,791 shares during the period. Arizona State Retirement System’s holdings in AFLAC were worth $11,909,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Hancock Whitney Corp purchased a new position in shares of AFLAC during the 4th quarter worth about $1,687,000. Norges Bank purchased a new stake in AFLAC in the 4th quarter valued at about $260,062,000. Transamerica Financial Advisors Inc. purchased a new stake in AFLAC in the 4th quarter valued at about $41,000. Hexavest Inc. boosted its position in AFLAC by 44.4% in the 4th quarter. Hexavest Inc. now owns 1,463,674 shares of the financial services provider’s stock valued at $66,685,000 after buying an additional 450,012 shares during the period. Finally, Brown Advisory Inc. boosted its position in AFLAC by 0.9% in the 4th quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock valued at $15,833,000 after buying an additional 2,985 shares during the period. 67.82% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on AFL shares. SunTrust Banks boosted their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a research report on Monday, February 4th. ValuEngine raised shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Raymond James boosted their price objective on shares of AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 30th. Zacks Investment Research cut shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, UBS Group reduced their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. AFLAC presently has an average rating of “Hold” and a consensus target price of $50.09.
Shares of NYSE:AFL traded up $0.26 during trading hours on Wednesday, hitting $52.21. The company’s stock had a trading volume of 2,147,088 shares, compared to its average volume of 3,279,920. AFLAC Incorporated has a 52 week low of $41.45 and a 52 week high of $52.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $38.90 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.54 and a beta of 0.78.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. On average, research analysts predict that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
In other AFLAC news, insider Charles D. Lake II sold 15,678 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.19, for a total transaction of $771,200.82. Following the transaction, the insider now owns 137,764 shares in the company, valued at approximately $6,776,611.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Audrey B. Tillman sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $48.71, for a total transaction of $102,291.00. Following the transaction, the insider now owns 105,017 shares in the company, valued at approximately $5,115,378.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,410 shares of company stock valued at $6,356,958. 1.30% of the stock is currently owned by company insiders.
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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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