Tompkins Financial Corp lessened its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 9.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,174 shares of the financial services provider’s stock after selling 240 shares during the period. Tompkins Financial Corp’s holdings in AFLAC were worth $109,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of AFL. Renaissance Technologies LLC acquired a new position in shares of AFLAC during the 3rd quarter valued at $12,403,000. Kepos Capital LP acquired a new position in shares of AFLAC during the 3rd quarter valued at $4,202,000. Legal & General Group Plc increased its position in shares of AFLAC by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 4,067,213 shares of the financial services provider’s stock valued at $191,421,000 after purchasing an additional 178,774 shares during the period. Clearbridge Investments LLC increased its position in shares of AFLAC by 17.6% during the 3rd quarter. Clearbridge Investments LLC now owns 1,728,361 shares of the financial services provider’s stock valued at $81,354,000 after purchasing an additional 258,617 shares during the period. Finally, Great Lakes Advisors LLC increased its position in shares of AFLAC by 0.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 64,325 shares of the financial services provider’s stock valued at $3,028,000 after purchasing an additional 364 shares during the period. Institutional investors own 67.83% of the company’s stock.
Shares of AFLAC stock traded up $0.49 during trading on Friday, reaching $52.01. The company’s stock had a trading volume of 2,375,980 shares, compared to its average volume of 2,992,032. AFLAC Incorporated has a one year low of $41.45 and a one year 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 capitalization of $38.73 billion, a PE ratio of 12.50, a PEG ratio of 3.52 and a beta of 0.78.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that AFLAC Incorporated will post 4.3 earnings per share for the current year.
The company also recently declared 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 yield of 2.08%. AFLAC’s dividend payout ratio is 25.96%.
Several equities analysts have recently issued reports on AFL shares. SunTrust Banks lifted their price target on AFLAC to $48.00 and gave the company a “hold” rating in a research report on Monday, February 4th. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. UBS Group decreased their target price on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Finally, Raymond James lifted their target price on AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.09.
In other AFLAC news, Director Douglas Wayne Johnson sold 3,000 shares of AFLAC stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $49.24, for a total transaction of $147,720.00. Following the sale, the director now directly owns 33,035 shares of the company’s stock, valued at $1,626,643.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles D. Lake II sold 15,678 shares of AFLAC stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.19, for a total value of $771,200.82. Following the sale, the insider now directly owns 137,764 shares in the company, valued at $6,776,611.16. The disclosure for this sale can be found here. Insiders have sold 124,310 shares of company stock worth $6,254,667 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
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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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