AFLAC Incorporated (AFL) Holdings Lowered by Boston Family Office LLC
Boston Family Office LLC lowered its position in shares of AFLAC Incorporated (NYSE:AFL) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,052 shares of the financial services provider’s stock after selling 1,311 shares during the quarter. Boston Family Office LLC’s holdings in AFLAC were worth $7,729,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC bought a new stake in shares of AFLAC in the 4th quarter worth approximately $101,000. Omnia Family Wealth LLC raised its holdings in shares of AFLAC by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares during the period. San Francisco Sentry Investment Group CA raised its holdings in shares of AFLAC by 4,338.7% in 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. Legacy Advisors LLC raised its holdings in shares of AFLAC by 921.5% in the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares during the period. Finally, Calton & Associates Inc. bought a new stake in shares of AFLAC in the 4th quarter worth approximately $145,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target on the stock. B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Wells Fargo & Co set a $82.00 price target on shares of AFLAC and gave the stock a “hold” rating in a report on Wednesday, October 25th. Raymond James Financial raised shares of AFLAC from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Finally, Citigroup raised shares of AFLAC to a “strong-buy” rating and lifted their price target for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $83.88.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. equities research analysts forecast that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.52 per share. This is a boost from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.50%. AFLAC’s payout ratio is presently 16.36%.
In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Kriss Cloninger III sold 6,057 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $87.73, for a total transaction of $531,380.61. Following the transaction, the president now owns 241,099 shares of the company’s stock, valued at $21,151,615.27. The disclosure for this sale can be found here. Insiders have sold a total of 22,347 shares of company stock worth $1,962,778 in the last three months. Insiders own 3.00% of the company’s stock.
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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