Meadow Creek Investment Management LLC grew its stake in shares of AFLAC Incorporated (NYSE:AFL) by 52.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,880 shares of the financial services provider’s stock after buying an additional 47,544 shares during the period. Meadow Creek Investment Management LLC’s holdings in AFLAC were worth $12,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Mutual of America Capital Management LLC grew its holdings in shares of AFLAC by 1.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 48,300 shares of the financial services provider’s stock valued at $4,240,000 after purchasing an additional 585 shares in the last quarter. Somerset Trust Co grew its holdings in shares of AFLAC by 2.6% in the fourth quarter. Somerset Trust Co now owns 24,941 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 641 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of AFLAC by 2.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 26,923 shares of the financial services provider’s stock valued at $2,364,000 after purchasing an additional 644 shares in the last quarter. GWM Advisors LLC grew its holdings in shares of AFLAC by 8.5% in the fourth quarter. GWM Advisors LLC now owns 8,469 shares of the financial services provider’s stock valued at $762,000 after purchasing an additional 667 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH grew its holdings in shares of AFLAC by 2.7% in the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 26,652 shares of the financial services provider’s stock valued at $2,339,000 after purchasing an additional 695 shares in the last quarter. 68.80% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. UBS Group assumed coverage on shares of AFLAC in a report on Friday, March 2nd. They issued a “neutral” rating and a $98.00 target price for the company. Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo & Co set a $84.00 target price on shares of AFLAC and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. AFLAC has a consensus rating of “Hold” and a consensus target price of $84.96.
AFLAC Incorporated (NYSE:AFL) opened at $90.89 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. The company has a market cap of $35,394.91, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96. AFLAC Incorporated has a one year low of $70.64 and a one year high of $91.76.
AFLAC’s stock is scheduled to split on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.55 by $0.05. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. AFLAC had a net margin of 20.18% and a return on equity of 12.29%. AFLAC’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. equities analysts anticipate that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.52 per share. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 20th. AFLAC’s payout ratio is currently 18.89%.
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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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