Nissay Asset Management Corp Japan ADV grew its stake in shares of AFLAC Incorporated (NYSE:AFL) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,470 shares of the financial services provider’s stock after acquiring an additional 1,254 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in AFLAC were worth $4,964,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. grew its holdings in shares of AFLAC by 1.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 158,044 shares of the financial services provider’s stock valued at $7,439,000 after acquiring an additional 2,624 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of AFLAC by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 321,902 shares of the financial services provider’s stock valued at $15,152,000 after acquiring an additional 2,966 shares in the last quarter. GWM Advisors LLC grew its holdings in shares of AFLAC by 12.7% during the 3rd quarter. GWM Advisors LLC now owns 18,051 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 2,031 shares in the last quarter. Hendley & Co. Inc. purchased a new position in shares of AFLAC during the 3rd quarter valued at $207,000. Finally, Alethea Capital Management LLC purchased a new position in shares of AFLAC during the 3rd quarter valued at $542,000. Institutional investors and hedge funds own 67.16% of the company’s stock.
Shares of NYSE:AFL opened at $42.87 on Friday. The firm has a market capitalization of $33.12 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. AFLAC Incorporated has a 1 year low of $41.41 and a 1 year high of $48.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.04. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. The company had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts anticipate that AFLAC Incorporated will post 4.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is 30.59%.
In other AFLAC news, Director Douglas Wayne Johnson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the sale, the director now directly owns 29,859 shares in the company, valued at $1,389,040.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the sale, the director now owns 17,779 shares of the company’s stock, valued at $824,590.02. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on AFL shares. Morgan Stanley upped their price objective 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. Zacks Investment Research cut shares of AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Credit Suisse Group decreased their price objective on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a report on Wednesday, October 3rd. Finally, Sandler O’Neill set a $50.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.54.
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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