People s United Financial Inc. lowered its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,885 shares of the financial services provider’s stock after selling 1,133 shares during the quarter. People s United Financial Inc.’s holdings in AFLAC were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Ironsides Asset Advisors LLC lifted its position in AFLAC by 60.7% during the third quarter. Ironsides Asset Advisors LLC now owns 9,533 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 3,600 shares during the last quarter. Kepos Capital LP bought a new position in AFLAC during the third quarter valued at $4,202,000. Ancora Advisors LLC bought a new position in AFLAC during the third quarter valued at $122,000. Mirae Asset Global Investments Co. Ltd. lifted its position in AFLAC by 28.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,983 shares of the financial services provider’s stock valued at $5,130,000 after purchasing an additional 24,092 shares during the last quarter. Finally, United Services Automobile Association lifted its position in AFLAC by 12.9% during the third quarter. United Services Automobile Association now owns 390,468 shares of the financial services provider’s stock valued at $18,379,000 after purchasing an additional 44,469 shares during the last quarter. Institutional investors and hedge funds own 66.77% of the company’s stock.
Several research firms have commented on AFL. Morgan Stanley lowered their price objective on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 13th. ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Monday, October 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a report on Wednesday, October 3rd. Finally, Credit Suisse Group lowered their target price 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.38.
In related news, Director Joseph L. Moskowitz sold 1,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $824,590.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Wayne Johnson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the transaction, the director now directly owns 29,859 shares in the company, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
AFLAC stock opened at $43.55 on Friday. The stock has a market capitalization of $33.72 billion, a PE ratio of 12.81, a PEG ratio of 1.28 and a beta of 0.96. 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 12-month low of $41.41 and a 12-month high of $48.19.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.57 billion. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. During the same quarter last year, the business earned $0.85 EPS. Research analysts forecast that AFLAC Incorporated will post 4.08 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.39%. AFLAC’s dividend payout ratio (DPR) is presently 30.59%.
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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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