Zions Bancorporation acquired a new stake in shares of AFLAC Incorporated (NYSE:AFL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,779 shares of the financial services provider’s stock, valued at approximately $131,000.
Other large investors have also recently bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of AFLAC in the third quarter valued at approximately $104,000. Truvestments Capital LLC bought a new position in shares of AFLAC in the third quarter valued at approximately $107,000. Spectrum Management Group Inc. bought a new position in shares of AFLAC in the second quarter valued at approximately $122,000. Squar Milner Financial Services LLC bought a new position in shares of AFLAC in the second quarter valued at approximately $130,000. Finally, OLD Second National Bank of Aurora raised its stake in shares of AFLAC by 139.3% in the second quarter. OLD Second National Bank of Aurora now owns 3,350 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,950 shares during the last quarter. Institutional investors own 66.91% of the company’s stock.
AFL stock opened at $44.29 on Wednesday. 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 Incorporated has a fifty-two week low of $41.41 and a fifty-two week high of $48.19. The company has a market capitalization of $32.94 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.24 and a beta of 0.95.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the 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 firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts forecast that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is presently 30.59%.
In other AFLAC news, Director Joseph L. Moskowitz sold 1,500 shares of AFLAC stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the completion of the sale, the director now owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of AFLAC stock in a transaction 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 sale, the director now directly owns 29,859 shares of the company’s stock, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of research firms have recently issued reports on AFL. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, August 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of AFLAC in a research note on Wednesday, August 1st. Sandler O’Neill upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, August 1st. B. Riley lifted their target price on shares of AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. One investment 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 has an average rating of “Hold” and an average price target of $48.54.
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AFLAC Company Profile
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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