Global X Management Co. LLC grew its position in shares of AFLAC Incorporated (NYSE:AFL) by 74.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,980 shares of the financial services provider’s stock after purchasing an additional 3,828 shares during the quarter. Global X Management Co. LLC’s holdings in AFLAC were worth $788,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AFL. SeaCrest Wealth Management LLC bought a new position in shares of AFLAC during the 4th quarter valued at about $101,000. Omnia Family Wealth LLC increased its position in shares of AFLAC by 261.9% during the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares during the last quarter. Legacy Advisors LLC increased its position in shares of AFLAC by 921.5% during the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of AFLAC during the 4th quarter valued at about $145,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.
In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares in the company, valued at approximately $2,203,256. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Daniel P. Amos sold 24,983 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.77, for a total value of $2,242,723.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,330 shares of company stock valued at $4,205,502. Company insiders own 3.00% of the company’s stock.
AFLAC Incorporated (NYSE AFL) opened at $88.92 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. AFLAC Incorporated has a 1 year low of $70.64 and a 1 year high of $91.73. The stock has a market capitalization of $35,004.29, a P/E ratio of 13.18, a P/E/G ratio of 2.34 and a beta of 1.01.
AFLAC’s stock is going to split before the market opens on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be distributed to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last released 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 return on equity of 12.32% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the business posted $1.44 EPS. The business’s revenue was down 8.9% on a year-over-year basis. analysts predict that AFLAC Incorporated will post 7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 annualized dividend and a yield of 2.34%. This is a boost from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio (DPR) is 16.35%.
Several equities analysts have recently commented on AFL shares. Wells Fargo & Co reiterated a “market perform” rating and set a $90.00 price objective (up from $84.00) on shares of AFLAC in a research report on Tuesday, January 9th. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Raymond James Financial upgraded 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 report on Monday, January 22nd. Citigroup upgraded AFLAC to a “strong-buy” rating and raised their price target for the stock from $88.00 to $100.00 in a research report on Monday, January 22nd. Finally, Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.88.
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AFLAC Company Profile
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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