Tuttle Tactical Management LLC reduced its position in shares of AFLAC Incorporated (NYSE:AFL) by 42.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,844 shares of the financial services provider’s stock after selling 2,889 shares during the quarter. Tuttle Tactical Management LLC’s holdings in AFLAC were worth $337,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in AFLAC during the fourth quarter valued at approximately $101,000. Omnia Family Wealth LLC boosted its position in AFLAC by 261.9% during the fourth 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 boosted its position in AFLAC by 4,338.7% during the third 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. Advisors Preferred LLC acquired a new position in AFLAC during the fourth quarter valued at approximately $121,000. Finally, Legacy Advisors LLC boosted its position in AFLAC by 921.5% during the fourth 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. 68.72% of the stock is owned by institutional investors.
AFL has been the topic of several research analyst reports. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Wells Fargo reiterated a “market perform” rating and set a $45.00 target price (up previously from $42.00) on shares of AFLAC in a research note on Tuesday, January 9th. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Citigroup upgraded AFLAC to a “strong-buy” rating and increased their target price for the stock from $44.00 to $50.00 in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.90.
In other AFLAC news, insider June P. Howard sold 2,648 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total transaction of $239,193.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Daniel P. Amos sold 24,983 shares of the firm’s stock in a transaction 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 90 days, insiders have sold 40,131 shares of company stock worth $3,581,918. Corporate insiders own 3.00% of the company’s stock.
AFLAC Incorporated (NYSE AFL) opened at $44.37 on Friday. AFLAC Incorporated has a 52 week low of $35.53 and a 52 week high of $45.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $35,359.84, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue was down 8.9% on a year-over-year basis. equities analysts forecast that AFLAC Incorporated will post 3.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 20th. This represents a $1.04 dividend on an annualized basis and a yield of 2.34%. AFLAC’s dividend payout ratio (DPR) is presently 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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