Dean Investment Associates LLC Reduces Stake in AFLAC Incorporated (NYSE:AFL)

Dean Investment Associates LLC trimmed its holdings in AFLAC Incorporated (NYSE:AFL) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,088 shares of the financial services provider’s stock after selling 12,840 shares during the period. Dean Investment Associates LLC’s holdings in AFLAC were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AFL. Cordasco Financial Network acquired a new stake in shares of AFLAC during the first quarter worth about $25,000. Gables Capital Management Inc. lifted its stake in shares of AFLAC by 276.9% in the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 360 shares during the last quarter. Financial Advantage Inc. acquired a new position in shares of AFLAC in the 4th quarter valued at $29,000. Baystate Wealth Management LLC lifted its stake in shares of AFLAC by 203.5% in the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 403 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new position in shares of AFLAC in the 4th quarter valued at $33,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AFL traded up $0.57 during mid-day trading on Friday, hitting $55.04. The company’s stock had a trading volume of 2,386,903 shares, compared to its average volume of 3,225,911. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $40.54 billion, a P/E ratio of 13.23, a P/E/G ratio of 3.69 and a beta of 0.71. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $55.11.

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 analysts’ expectations of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Research analysts anticipate that AFLAC Incorporated will post 4.3 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, May 21st. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.

Several equities analysts have recently commented on the company. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, April 30th. Barclays increased their price objective on AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 22nd. UBS Group decreased their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Raymond James increased their price objective on AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.09.

In other AFLAC news, Director Karole Lloyd bought 2,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of $49.83 per share, with a total value of $99,660.00. Following the purchase, the director now directly owns 22,160 shares of the company’s stock, valued at $1,104,232.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Albert Riggieri sold 5,247 shares of AFLAC stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $52.39, for a total value of $274,890.33. Following the sale, the senior vice president now directly owns 10,698 shares in the company, valued at approximately $560,468.22. The disclosure for this sale can be found here. Insiders have sold 177,332 shares of company stock valued at $9,078,988 over the last ninety 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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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