Aflac Incorporated (AFL) Stake Lifted by Regal Investment Advisors LLC
Regal Investment Advisors LLC lifted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,494 shares of the financial services provider’s stock after purchasing an additional 1,833 shares during the quarter. Regal Investment Advisors LLC’s holdings in Aflac were worth $1,342,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Aflac by 11.6% during the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock worth $551,994,000 after purchasing an additional 736,703 shares in the last quarter. Victory Capital Management Inc. lifted its position in Aflac by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,562,481 shares of the financial services provider’s stock worth $289,950,000 after buying an additional 220,013 shares during the last quarter. AJO LP lifted its position in Aflac by 157.8% in the 2nd quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock worth $270,587,000 after buying an additional 2,132,414 shares during the last quarter. Coho Partners Ltd. lifted its position in Aflac by 85.3% in the 2nd quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock worth $169,881,000 after buying an additional 1,006,477 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Aflac by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 2,070,372 shares of the financial services provider’s stock worth $160,828,000 after buying an additional 69,896 shares during the last quarter. 66.69% of the stock is owned by institutional investors.
AFL has been the subject of a number of recent research reports. ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, September 5th. Barclays PLC boosted their price objective on Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “hold” rating and issued a $82.00 price objective on shares of Aflac in a research report on Thursday, September 28th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Aflac in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $79.63.
Aflac Incorporated (NYSE AFL) traded down $0.46 during midday trading on Friday, hitting $83.85. The stock had a trading volume of 1,476,394 shares, compared to its average volume of 1,519,797. Aflac Incorporated has a 52-week low of $66.50 and a 52-week high of $85.70. The stock has a market capitalization of $32,965.63, a PE ratio of 12.44, a P/E/G ratio of 2.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. equities research analysts expect that Aflac Incorporated will post 6.76 earnings per share for the current year.
Aflac declared that its board has authorized a share repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.45 per share. This is an increase from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 14th. Aflac’s dividend payout ratio is presently 26.09%.
In other Aflac news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the transaction, the director now owns 13,733 shares of the company’s stock, valued at $1,147,804.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the transaction, the president now directly owns 298,646 shares in the company, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,709 shares of company stock worth $2,404,680. Corporate insiders own 3.00% of the company’s stock.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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