Robeco Institutional Asset Management B.V. lifted its position in shares of AFLAC Incorporated (NYSE:AFL) by 78.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,155,649 shares of the financial services provider’s stock after purchasing an additional 1,392,015 shares during the period. Robeco Institutional Asset Management B.V. owned 0.42% of AFLAC worth $157,787,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new position in AFLAC during the 1st quarter worth $905,000. Buckingham Asset Management LLC raised its position in shares of AFLAC by 104.4% in the 1st quarter. Buckingham Asset Management LLC now owns 11,428 shares of the financial services provider’s stock worth $571,000 after acquiring an additional 5,838 shares in the last quarter. Monarch Capital Management Inc. raised its position in shares of AFLAC by 0.3% in the 1st quarter. Monarch Capital Management Inc. now owns 86,340 shares of the financial services provider’s stock worth $4,317,000 after acquiring an additional 295 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of AFLAC in the 1st quarter valued at about $200,000. Finally, Parallel Advisors LLC grew its stake in shares of AFLAC by 17.6% in the 1st quarter. Parallel Advisors LLC now owns 10,487 shares of the financial services provider’s stock valued at $524,000 after buying an additional 1,569 shares during the period. Institutional investors own 66.78% of the company’s stock.
In other news, VP Koji Ariyoshi sold 63,703 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the completion of the transaction, the vice president now directly owns 49,129 shares in the company, valued at approximately $2,564,533.80. 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 the business’s stock in a transaction 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 of the company’s stock, valued at $6,776,611.16. The disclosure for this sale can be found here. Insiders have sold a total of 190,763 shares of company stock worth $9,723,019 in the last three months. Insiders own 1.30% of the company’s stock.
Several analysts have recently commented on AFL shares. Zacks Investment Research downgraded AFLAC from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. ValuEngine downgraded AFLAC from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. UBS Group cut their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. SunTrust Banks lifted their price target on AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. Finally, Barclays lifted their price target on AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 22nd. One investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $50.09.
Shares of NYSE:AFL traded up $0.13 during mid-day trading on Wednesday, reaching $51.43. The company had a trading volume of 2,561,346 shares, compared to its average volume of 2,818,650. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $38.77 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.53 and a beta of 0.78. AFLAC Incorporated has a one year low of $41.45 and a one year high of $52.45.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.46 billion. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. AFLAC’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. Research analysts predict that AFLAC Incorporated will post 4.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. AFLAC’s payout ratio is 25.96%.
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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