Greatmark Investment Partners Inc. grew its stake in shares of AFLAC Incorporated (NYSE:AFL) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,614 shares of the financial services provider’s stock after acquiring an additional 4,011 shares during the quarter. AFLAC comprises approximately 5.8% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 2nd largest holding. Greatmark Investment Partners Inc.’s holdings in AFLAC were worth $18,292,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in AFLAC by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 77,191 shares of the financial services provider’s stock worth $3,321,000 after buying an additional 1,097 shares during the period. Abacus Planning Group Inc. increased its holdings in AFLAC by 21.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 6,602 shares of the financial services provider’s stock worth $310,000 after buying an additional 1,166 shares during the period. IFP Advisors Inc increased its holdings in AFLAC by 21.5% in the 3rd quarter. IFP Advisors Inc now owns 6,646 shares of the financial services provider’s stock worth $313,000 after buying an additional 1,176 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its holdings in AFLAC by 10.4% in the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $546,000 after buying an additional 1,200 shares during the period. Finally, Advisor Partners LLC increased its holdings in AFLAC by 5.8% in the 2nd quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock worth $956,000 after buying an additional 1,209 shares during the period. Hedge funds and other institutional investors own 67.16% of the company’s stock.
In other news, Director Douglas Wayne Johnson sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the transaction, the director now owns 29,859 shares in the company, valued at approximately $1,389,040.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph L. Moskowitz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total value of $69,570.00. Following the transaction, the director now owns 17,779 shares in the company, valued at approximately $824,590.02. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
AFL has been the topic of several research reports. Sandler O’Neill upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of AFLAC in a report on Wednesday, August 1st. B. Riley increased their price target on shares of AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Morgan Stanley increased their price target on shares of AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.54.
AFLAC stock opened at $43.18 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a 12 month low of $41.41 and a 12 month high of $48.19. The company has a market capitalization of $33.12 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.25 and a beta of 0.92.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. Sell-side analysts expect that AFLAC Incorporated will post 4.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.41%. AFLAC’s dividend payout ratio (DPR) is 30.59%.
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.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AFLAC Incorporated (NYSE:AFL).
Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.