AFLAC Incorporated (AFL) Shares Sold by Aviance Capital Partners LLC
Aviance Capital Partners LLC lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,826 shares of the financial services provider’s stock after selling 1,277 shares during the period. Aviance Capital Partners LLC’s holdings in AFLAC were worth $2,204,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in shares of AFLAC by 34,171.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 93,631 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of AFLAC in the third quarter valued at approximately $104,000. Truvestments Capital LLC bought a new position in shares of AFLAC in the third quarter valued at approximately $107,000. Spectrum Management Group Inc. bought a new position in shares of AFLAC in the second quarter valued at approximately $122,000. Finally, Squar Milner Financial Services LLC bought a new position in shares of AFLAC in the second quarter valued at approximately $130,000. Institutional investors and hedge funds own 67.37% of the company’s stock.
A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 13th. ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group cut their price objective on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. AFLAC currently has an average rating of “Hold” and an average target price of $48.38.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.57 billion. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts expect that AFLAC Incorporated will post 4.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be issued a $0.26 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.29%. AFLAC’s payout ratio is 30.59%.
In other news, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total value of $69,570.00. Following the completion of the sale, the director now directly owns 17,779 shares in the company, valued at approximately $824,590.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the sale, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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