Aflac (AFL) Position Increased by Forsta AP Fonden

Forsta AP Fonden boosted its stake in Aflac (NYSE:AFL) by 147.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 205,838 shares of the financial services provider’s stock after buying an additional 122,519 shares during the period. Forsta AP Fonden’s holdings in Aflac were worth $9,007,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its stake 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 worth $4,240,000 after purchasing an additional 585 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake 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 worth $2,364,000 after purchasing an additional 644 shares in the last quarter. GWM Advisors LLC boosted its stake in Aflac by 8.5% in the fourth quarter. GWM Advisors LLC now owns 8,469 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 667 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Aflac by 2.0% in the fourth quarter. CIBC Asset Management Inc now owns 38,188 shares of the financial services provider’s stock worth $3,352,000 after purchasing an additional 748 shares in the last quarter. Finally, Ledyard National Bank boosted its stake in Aflac by 12.9% in the fourth quarter. Ledyard National Bank now owns 6,594 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 754 shares in the last quarter. 66.79% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on AFL. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday. JPMorgan Chase set a $47.00 price objective on Aflac and gave the stock a “buy” rating in a research note on Thursday, April 26th. Wells Fargo & Co set a $48.00 price objective on Aflac and gave the stock a “hold” rating in a research note on Wednesday, April 25th. Credit Suisse Group began coverage on Aflac in a research note on Wednesday, April 25th. They issued a “neutral” rating and a $49.00 price objective on the stock. Finally, Sandler O’Neill reissued a “hold” rating and issued a $47.00 price objective on shares of Aflac in a research note on Thursday, April 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Aflac presently has a consensus rating of “Hold” and an average price target of $46.46.

AFL stock opened at $45.58 on Wednesday. The firm has a market cap of $35.42 billion, a PE ratio of 13.41, a PEG ratio of 1.77 and a beta of 0.94. Aflac has a twelve month low of $36.83 and a twelve month high of $46.19. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 12.39% and a net margin of 20.61%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 earnings per share. equities research analysts predict that Aflac will post 3.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Wednesday, May 23rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.28%. Aflac’s payout ratio is currently 30.59%.

In other news, Director Charles B. Knapp sold 10,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $43.72, for a total transaction of $437,200.00. Following the completion of the sale, the director now owns 76,582 shares in the company, valued at $3,348,165.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider June P. Howard sold 2,648 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

About Aflac

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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