Nelson Roberts Investment Advisors LLC bought a new position in AFLAC Incorporated (NYSE:AFL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 720 shares of the financial services provider’s stock, valued at approximately $39,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in AFL. Cordasco Financial Network purchased a new position in shares of AFLAC in the 1st quarter worth about $25,000. Gables Capital Management Inc. boosted its holdings in AFLAC by 276.9% during the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 360 shares during the period. Baystate Wealth Management LLC boosted its holdings in AFLAC by 203.5% during the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 403 shares during the period. NuWave Investment Management LLC boosted its holdings in AFLAC by 59.2% during the 1st quarter. NuWave Investment Management LLC now owns 769 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 286 shares during the period. Finally, Rational Advisors LLC raised its position in AFLAC by 59.2% during the 1st quarter. Rational Advisors LLC now owns 769 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.
In related news, SVP Albert Riggieri sold 5,247 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $52.39, for a total transaction of $274,890.33. Following the completion of the transaction, the senior vice president now owns 10,698 shares of the company’s stock, valued at approximately $560,468.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Koji Ariyoshi sold 63,703 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total value of $3,325,296.60. Following the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at approximately $2,564,533.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,480 shares of company stock valued at $5,305,590. 1.30% of the stock is owned by corporate insiders.
Shares of NYSE:AFL traded down $0.59 during trading on Monday, hitting $51.94. The stock had a trading volume of 238,633 shares, compared to its average volume of 3,212,796. AFLAC Incorporated has a 12 month low of $41.45 and a 12 month high of $57.18. The company has a market cap of $38.89 billion, a P/E ratio of 12.47, a PEG ratio of 2.91 and a beta of 0.71. The company has a fifty day moving average of $55.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.04 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 21st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 20th. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
A number of research analysts have commented on the company. Barclays upped their price target on AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 22nd. UBS Group lowered their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday. Morgan Stanley upped their price target on AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Evercore ISI lowered AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. AFLAC presently has an average rating of “Hold” and a consensus target price of $51.96.
Aflac Incorporated, through its subsidiaries, 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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