Stewart & Patten Co. LLC reduced its stake in shares of AFLAC Incorporated (NYSE:AFL) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,703 shares of the financial services provider’s stock after selling 1,950 shares during the period. Stewart & Patten Co. LLC’s holdings in AFLAC were worth $1,028,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in AFLAC during the second quarter worth about $25,829,000. Virtu KCG Holdings LLC acquired a new stake in AFLAC during the second quarter worth about $315,000. Voya Investment Management LLC grew its position in AFLAC by 1.7% during the second quarter. Voya Investment Management LLC now owns 336,259 shares of the financial services provider’s stock worth $26,120,000 after buying an additional 5,686 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in AFLAC by 6,557.1% during the second quarter. Hillsdale Investment Management Inc. now owns 4,660 shares of the financial services provider’s stock worth $363,000 after buying an additional 4,590 shares in the last quarter. Finally, Numeric Investors LLC grew its position in AFLAC by 26.7% during the second quarter. Numeric Investors LLC now owns 14,700 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 66.36% of the company’s stock.
AFLAC Incorporated (AFL) traded up $0.39 during mid-day trading on Tuesday, reaching $85.52. 153,005 shares of the company traded hands, compared to its average volume of 2,703,676. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.22. AFLAC Incorporated has a 1 year low of $70.34 and a 1 year high of $91.73. The company has a market cap of $33,570.00, a PE ratio of 7.76, a PEG ratio of 2.21 and a beta of 1.01.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company posted $1.44 EPS. AFLAC’s revenue was down 8.9% on a year-over-year basis. equities research analysts anticipate that AFLAC Incorporated will post 7.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 21st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s payout ratio is 16.36%.
In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James Todd Daniels sold 1,430 shares of AFLAC stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the sale, the vice president now directly owns 12,708 shares of the company’s stock, valued at approximately $1,106,993.88. The disclosure for this sale can be found here. Insiders sold a total of 22,347 shares of company stock valued at $1,962,778 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group initiated coverage on AFLAC in a research report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price on the stock. B. Riley restated a “neutral” rating on shares of AFLAC in a research note on Monday, November 6th. Wells Fargo & Co set a $82.00 price target on shares of AFLAC and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Raymond James Financial upgraded shares of AFLAC from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $88.00 to $100.00 in a research note on Monday, January 22nd. Finally, Citigroup upgraded shares of AFLAC to a “strong-buy” rating and raised their price target for the stock from $88.00 to $100.00 in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.88.
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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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