BB&T Securities LLC raised its stake in AFLAC Incorporated (NYSE:AFL) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 166,614 shares of the financial services provider’s stock after purchasing an additional 4,021 shares during the quarter. BB&T Securities LLC’s holdings in AFLAC were worth $14,626,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Mutual of America Capital Management LLC lifted its position in AFLAC by 1.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 48,300 shares of the financial services provider’s stock valued at $4,240,000 after purchasing an additional 585 shares during the last quarter. Somerset Trust Co lifted its position in AFLAC by 2.6% in the fourth quarter. Somerset Trust Co now owns 24,941 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 641 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in AFLAC by 2.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 26,923 shares of the financial services provider’s stock valued at $2,364,000 after purchasing an additional 644 shares during the last quarter. GWM Advisors LLC raised its holdings in shares of AFLAC by 8.5% during the fourth quarter. GWM Advisors LLC now owns 8,469 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 667 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH raised its holdings in shares of AFLAC by 2.7% during the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 26,652 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 68.80% of the company’s stock.
In other news, insider June P. Howard sold 2,648 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total value of $239,193.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP James Todd Daniels sold 1,430 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total value of $124,567.30. Following the completion of the sale, the vice president now directly owns 12,708 shares in the company, valued at $1,106,993.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,921 shares of company stock valued at $3,913,315. 3.00% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on AFL shares. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo restated a “market perform” rating and set a $45.00 target price (up previously from $42.00) on shares of AFLAC in a report on Tuesday, January 9th. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Citigroup upgraded AFLAC to a “strong-buy” rating and upped their target price for the company from $44.00 to $50.00 in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. AFLAC presently has a consensus rating of “Hold” and a consensus price target of $42.48.
AFLAC Incorporated (NYSE:AFL) opened at $90.49 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $35,079.26, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. AFLAC Incorporated has a twelve month low of $70.64 and a twelve month high of $91.76.
AFLAC’s stock is going to split on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly minted shares will be issued to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. equities analysts forecast that AFLAC Incorporated will post 7.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st were issued a $0.26 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. AFLAC’s dividend payout ratio (DPR) is 18.89%.
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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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