HL Financial Services LLC raised its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,667 shares of the financial services provider’s stock after buying an additional 10,603 shares during the period. HL Financial Services LLC’s holdings in AFLAC were worth $2,338,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in AFL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AFLAC by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 77,191 shares of the financial services provider’s stock valued at $3,321,000 after purchasing an additional 1,097 shares during the period. Abacus Planning Group Inc. boosted its holdings in shares of AFLAC by 21.4% in the third quarter. Abacus Planning Group Inc. now owns 6,602 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 1,166 shares during the period. IFP Advisors Inc boosted its holdings in shares of AFLAC by 21.5% in the third quarter. IFP Advisors Inc now owns 6,646 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 1,176 shares during the period. Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of AFLAC by 10.4% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 1,200 shares during the period. Finally, Advisor Partners LLC boosted its holdings in shares of AFLAC by 5.8% in the second quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 1,209 shares during the period. Institutional investors and hedge funds own 66.91% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Tuesday, August 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of AFLAC in a report on Wednesday, August 1st. Sandler O’Neill upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, August 1st. B. Riley boosted their price target on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. AFLAC currently has a consensus rating of “Hold” and an average price target of $48.54.
Shares of NYSE:AFL opened at $45.04 on Friday. The company has a market capitalization of $34.30 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.95. AFLAC Incorporated has a 52 week low of $41.41 and a 52 week high of $48.19. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.23.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.57 billion. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is 30.59%.
In related news, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value of $93,040.00. Following the completion of the transaction, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the completion of the transaction, the director now directly owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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