Raymond James & Associates lowered its stake in AFLAC Incorporated (NYSE:AFL) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 599,293 shares of the financial services provider’s stock after selling 42,334 shares during the quarter. Raymond James & Associates owned about 0.15% of AFLAC worth $52,606,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AFL. SeaCrest Wealth Management LLC purchased a new stake in AFLAC during the fourth quarter worth about $101,000. Omnia Family Wealth LLC increased its stake in AFLAC by 261.9% during the fourth 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. Advisors Preferred LLC purchased a new stake in AFLAC during the fourth quarter worth about $121,000. San Francisco Sentry Investment Group CA increased its stake in AFLAC by 4,338.7% during the third 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. Finally, Legacy Advisors LLC increased its stake in AFLAC by 921.5% during the fourth 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. 68.80% of the stock is currently owned by institutional investors.
Shares of AFLAC Incorporated (NYSE AFL) opened at $90.75 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a one year low of $70.64 and a one year high of $91.76. The firm has a market cap of $35,394.91, a P/E ratio of 8.24, a P/E/G ratio of 2.37 and a beta of 0.96.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.29%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. analysts predict that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, February 20th. AFLAC’s dividend payout ratio is presently 18.89%.
A number of brokerages have issued reports on AFL. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. UBS Group began coverage on shares of AFLAC in a research note on Friday, March 2nd. They set a “neutral” rating and a $98.00 price target on the stock. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Wells Fargo & Co set a $84.00 price target on shares of AFLAC and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. AFLAC presently has a consensus rating of “Hold” and an average target price of $84.96.
In related news, Chairman Daniel P. Amos sold 24,983 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.77, for a total value of $2,242,723.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider June P. Howard sold 2,648 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.33, for a total value of $239,193.84. The disclosure for this sale can be found here. Insiders have sold 43,921 shares of company stock worth $3,913,315 over the last 90 days. Insiders own 3.00% of the company’s stock.
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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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