GWM Advisors LLC boosted its position in shares of AFLAC Incorporated (NYSE:AFL) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,051 shares of the financial services provider’s stock after buying an additional 2,031 shares during the period. GWM Advisors LLC’s holdings in AFLAC were worth $850,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of AFL. Korea Investment CORP boosted its holdings in shares of AFLAC by 14.9% during the 2nd quarter. Korea Investment CORP now owns 372,929 shares of the financial services provider’s stock worth $16,043,000 after purchasing an additional 48,300 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of AFLAC by 85.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,315,406 shares of the financial services provider’s stock worth $57,562,000 after purchasing an additional 605,896 shares during the last quarter. Swiss National Bank boosted its holdings in shares of AFLAC by 1.7% during the 2nd quarter. Swiss National Bank now owns 2,698,890 shares of the financial services provider’s stock worth $116,106,000 after purchasing an additional 46,400 shares during the last quarter. Rice Partnership LLC acquired a new position in shares of AFLAC during the 2nd quarter worth approximately $602,000. Finally, Denali Advisors LLC boosted its holdings in shares of AFLAC by 3.9% during the 3rd quarter. Denali Advisors LLC now owns 384,110 shares of the financial services provider’s stock worth $18,080,000 after purchasing an additional 14,500 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.
In related news, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the transaction, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value of $93,040.00. Following the completion of the transaction, the director now owns 29,859 shares in the company, valued at $1,389,040.68. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
AFL has been the topic of several recent research reports. Sandler O’Neill upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 target price on shares of AFLAC in a report on Wednesday, August 1st. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday. B. Riley boosted their target price on AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research cut AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. AFLAC currently has an average rating of “Hold” and a consensus target price of $48.54.
AFL opened at $42.90 on Friday. AFLAC Incorporated has a one year low of $41.41 and a one year high of $48.19. The company has a market capitalization of $33.07 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. 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 (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, analysts anticipate that AFLAC Incorporated will post 4.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s dividend payout ratio is presently 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.
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