Eaton Vance Management cut its holdings in AFLAC Incorporated (NYSE:AFL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,118 shares of the financial services provider’s stock after selling 4,745 shares during the period. Eaton Vance Management owned approximately 0.16% of AFLAC worth $53,819,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its holdings in AFLAC by 3.4% during the fourth quarter. BlackRock Inc. now owns 24,797,700 shares of the financial services provider’s stock valued at $2,176,743,000 after acquiring an additional 813,584 shares during the period. Victory Capital Management Inc. boosted its holdings in AFLAC by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,828,114 shares of the financial services provider’s stock valued at $336,031,000 after acquiring an additional 265,633 shares during the period. APG Asset Management N.V. boosted its holdings in AFLAC by 127.8% during the fourth quarter. APG Asset Management N.V. now owns 3,631,510 shares of the financial services provider’s stock valued at $265,468,000 after acquiring an additional 2,037,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in AFLAC by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,075,085 shares of the financial services provider’s stock valued at $250,315,000 after acquiring an additional 40,176 shares during the period. Finally, Investec Asset Management LTD boosted its holdings in AFLAC by 1.2% during the third quarter. Investec Asset Management LTD now owns 2,176,715 shares of the financial services provider’s stock valued at $177,163,000 after acquiring an additional 25,412 shares during the period. Hedge funds and other institutional investors own 66.87% of the company’s stock.
In related news, President Kriss Cloninger III sold 6,057 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $87.73, for a total value of $531,380.61. Following the completion of the transaction, the president now owns 241,099 shares of the company’s stock, valued at $21,151,615.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph L. Moskowitz purchased 550 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of $89.13 per share, with a total value of $49,021.50. Following the transaction, the director now directly owns 9,263 shares of the company’s stock, valued at $825,611.19. The disclosure for this purchase can be found here. Insiders sold 47,330 shares of company stock valued at $4,205,502 in the last three months. Company insiders own 3.00% of the company’s stock.
AFLAC Incorporated (NYSE AFL) opened at $89.57 on Friday. The company has a market cap of $34,566.98, a PE ratio of 8.14, a PEG ratio of 2.31 and a beta of 1.01. 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 52-week low of $70.64 and a 52-week high of $91.73.
AFLAC’s stock is set to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be payable to shareholders after the market closes on Friday, March 16th.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.05. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. sell-side analysts forecast that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The firm also recently declared 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 2.32%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is 18.89%.
A number of equities research analysts have issued reports on AFL shares. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo & Co restated a “market perform” rating and set a $90.00 price target (up from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Citigroup upgraded shares of AFLAC to a “strong-buy” rating and upped their price target for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average 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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