AFLAC Incorporated (AFL) Holdings Trimmed by Accident Compensation Corp
Accident Compensation Corp lowered its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,597 shares of the financial services provider’s stock after selling 6,203 shares during the period. Accident Compensation Corp’s holdings in AFLAC were worth $3,467,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AFL. Dynamic Technology Lab Private Ltd acquired a new stake in AFLAC during the second quarter valued at $358,000. Keybank National Association OH boosted its position in AFLAC by 242.1% during the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after purchasing an additional 90,741 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new stake in AFLAC during the second quarter valued at $531,000. Delta Lloyd Asset Management N.V. acquired a new stake in AFLAC during the second quarter valued at $3,306,000. Finally, Coho Partners Ltd. lifted its position in shares of AFLAC by 85.3% in the second 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. 65.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, President Kriss Cloninger III sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the transaction, the president now directly owns 298,646 shares in the company, valued at $25,035,494.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now owns 41,937 shares in the company, valued at $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold a total of 28,709 shares of company stock valued at $2,404,680 in the last three months. 3.00% of the stock is owned by insiders.
AFLAC Incorporated (NYSE AFL) opened at $88.13 on Wednesday. AFLAC Incorporated has a 12-month low of $66.50 and a 12-month high of $88.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $34,652.21, a PE ratio of 13.08, a P/E/G ratio of 2.61 and a beta of 1.02.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the firm earned $1.74 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. analysts forecast that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
AFLAC declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 8th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, November 14th. This is a boost from AFLAC’s previous quarterly dividend of $0.43. AFLAC’s payout ratio is currently 26.09%.
A number of brokerages have weighed in on AFL. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Thursday, September 21st. Goldman Sachs Group began coverage on AFLAC in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target for the company. UBS reaffirmed an “overweight” rating on shares of AFLAC in a research report on Thursday, August 24th. B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Finally, Bank of America cut AFLAC from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $79.79.
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AFLAC Company Profile
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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