Piedmont Investment Advisors LLC Boosts Stake in AFLAC Incorporated (AFL)
Piedmont Investment Advisors LLC boosted its stake in AFLAC Incorporated (NYSE:AFL) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,193 shares of the financial services provider’s stock after acquiring an additional 2,439 shares during the period. Piedmont Investment Advisors LLC’s holdings in AFLAC were worth $14,178,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. increased its position in AFLAC by 320.5% in the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,000 shares during the period. San Francisco Sentry Investment Group CA increased its position in AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares during the period. Capital Analysts LLC acquired a new position in AFLAC during the 2nd quarter worth approximately $131,000. ClariVest Asset Management LLC acquired a new position in AFLAC during the 2nd quarter worth approximately $150,000. Finally, Harfst & Associates Inc. increased its position in AFLAC by 12.0% during the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 65.75% of the company’s stock.
Several equities analysts have issued reports on the company. Wells Fargo & Company set a $84.00 target price on AFLAC and gave the stock a “hold” rating in a research report on Friday, December 1st. Citigroup cut AFLAC from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $82.00 to $77.00 in a research report on Tuesday, September 26th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Goldman Sachs Group assumed coverage on AFLAC in a research report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price on the stock. Finally, B. Riley reiterated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $79.79.
Shares of AFLAC Incorporated (NYSE AFL) opened at $88.48 on Tuesday. The firm has a market capitalization of $34,660.07, a P/E ratio of 13.08, a P/E/G ratio of 2.61 and a beta of 1.02. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. AFLAC Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $88.74.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. analysts expect that AFLAC Incorporated will post 6.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from AFLAC’s previous quarterly dividend of $0.43. AFLAC’s dividend payout ratio is currently 26.09%.
In related news, Director Douglas Wayne Johnson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the sale, the director now owns 13,733 shares in the company, valued at approximately $1,147,804.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Kriss Cloninger III sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the sale, the president now owns 298,646 shares in the company, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,766 shares of company stock worth $2,936,060. Insiders own 3.00% of the company’s stock.
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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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