Ontario Teachers Pension Plan Board lowered its holdings in AFLAC Incorporated (NYSE:AFL) by 68.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,263 shares of the financial services provider’s stock after selling 68,712 shares during the period. Ontario Teachers Pension Plan Board’s holdings in AFLAC were worth $1,070,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Solstein Capital LLC purchased a new position in AFLAC in the fourth quarter worth $26,000. NWK Group Inc. purchased a new position in shares of AFLAC during the 4th quarter valued at $26,000. Atticus Wealth Management LLC purchased a new position in shares of AFLAC during the 4th quarter valued at $34,000. Bartlett & Co. LLC purchased a new position in shares of AFLAC during the 1st quarter valued at $25,000. Finally, S.A. Mason LLC purchased a new position in shares of AFLAC during the 4th quarter valued at $40,000. 68.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE AFL opened at $34.85 on Friday. The firm has a market capitalization of $25.01 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.61 and a beta of 0.90. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $35.48 and its two-hundred day simple moving average is $45.71. AFLAC Incorporated has a twelve month low of $23.07 and a twelve month high of $57.18.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.49 billion. AFLAC had a return on equity of 11.84% and a net margin of 13.49%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. As a group, research analysts anticipate that AFLAC Incorporated will post 4.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.12 dividend on an annualized basis and a yield of 3.21%. AFLAC’s dividend payout ratio is currently 25.23%.
A number of research analysts have recently commented on AFL shares. TheStreet cut AFLAC from a “b-” rating to a “c+” rating in a research report on Friday, March 20th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a research report on Tuesday, April 7th. Morgan Stanley upped their price target on AFLAC from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. ValuEngine raised AFLAC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Finally, Raymond James decreased their price objective on AFLAC from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.51.
In other AFLAC news, COO Frederick John Crawford bought 25,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $717,250.00. Following the purchase, the chief operating officer now directly owns 247,828 shares of the company’s stock, valued at $7,110,185.32. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.
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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