AFLAC Incorporated (AFL) Holdings Reduced by Private Advisor Group LLC
Private Advisor Group LLC lowered its position in AFLAC Incorporated (NYSE:AFL) by 17.6% in the fourth quarter, Holdings Channel reports. The fund owned 11,561 shares of the financial services provider’s stock after selling 2,461 shares during the quarter. Private Advisor Group LLC’s holdings in AFLAC were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in AFL. APG Asset Management N.V. lifted its stake in AFLAC by 127.8% in the fourth quarter. APG Asset Management N.V. now owns 3,631,510 shares of the financial services provider’s stock valued at $265,468,000 after acquiring an additional 2,037,600 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in AFLAC by 392.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock valued at $106,100,000 after acquiring an additional 1,038,628 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in AFLAC by 244.3% in the third quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock valued at $117,491,000 after acquiring an additional 1,024,456 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in AFLAC by 79.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 852,858 shares of the financial services provider’s stock valued at $69,414,000 after acquiring an additional 377,164 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in AFLAC by 52.2% in the third quarter. Principal Financial Group Inc. now owns 905,980 shares of the financial services provider’s stock valued at $73,737,000 after acquiring an additional 310,916 shares during the last quarter. Hedge funds and other institutional investors own 66.87% of the company’s stock.
In related news, Chairman Daniel P. Amos sold 24,983 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.77, for a total transaction of $2,242,723.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph L. Moskowitz purchased 550 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $89.13 per share, for a total transaction of $49,021.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 47,330 shares of company stock worth $4,205,502. 3.00% of the stock is owned by insiders.
AFLAC Incorporated (AFL) opened at $88.92 on Wednesday. AFLAC Incorporated has a 1 year low of $70.64 and a 1 year high of $91.73. The company has a market cap of $35,004.29, a PE ratio of 13.18, a P/E/G ratio of 2.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.07 and a current ratio of 0.07.
AFLAC shares are set to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, topping 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 analyst estimates of $5.44 billion. During the same period last year, the firm earned $1.44 earnings per share. AFLAC’s revenue for the quarter was down 8.9% compared to the same quarter last year. analysts anticipate that AFLAC Incorporated will post 7.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 21st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. AFLAC’s dividend payout ratio (DPR) is currently 16.35%.
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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