Dimensional Fund Advisors LP raised its holdings in AFLAC Incorporated (NYSE:AFL) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,075,085 shares of the financial services provider’s stock after buying an additional 40,176 shares during the period. Dimensional Fund Advisors LP owned 0.78% of AFLAC worth $250,315,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Atwood & Palmer Inc. increased its stake in AFLAC by 320.5% in the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,000 shares during the last quarter. Capital Analysts LLC acquired a new stake in AFLAC in the 2nd quarter valued at $131,000. ClariVest Asset Management LLC acquired a new stake in AFLAC in the 2nd quarter valued at $150,000. Harfst & Associates Inc. increased its stake in AFLAC by 12.0% in the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after buying an additional 214 shares during the last quarter. Finally, Ifrah Financial Services Inc. bought a new position in shares of AFLAC in the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.
A number of research analysts have recently commented on the stock. Wells Fargo & Company set a $84.00 price objective on shares of AFLAC and gave the company a “hold” rating in a research report on Friday, December 1st. B. Riley reissued a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Goldman Sachs Group assumed coverage on shares of AFLAC in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective for the company. Royal Bank Of Canada reissued a “sell” rating and issued a $71.00 price objective on shares of AFLAC in a research report on Tuesday, October 10th. Finally, Citigroup downgraded shares of AFLAC from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $82.00 to $77.00 in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. AFLAC currently has an average rating of “Hold” and an average target price of $79.79.
Shares of AFLAC Incorporated (NYSE:AFL) opened at $88.16 on Friday. The company has a market cap of $34,660.11, a PE ratio of 13.08, a P/E/G ratio of 2.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. AFLAC Incorporated has a twelve month low of $66.50 and a twelve month high of $88.74.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. AFLAC’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 EPS. analysts forecast that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.45 per share. This is an increase from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. AFLAC’s payout ratio is presently 26.09%.
In related news, Director Douglas Wayne Johnson sold 1,500 shares of AFLAC stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the sale, the director now owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Kriss Cloninger III sold 25,000 shares of AFLAC stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the sale, the president now directly owns 298,646 shares of the company’s stock, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. Insiders have sold a total of 34,766 shares of company stock valued at $2,936,060 in the last ninety days. 3.00% of the stock is currently owned by insiders.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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