Comerica Bank lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 15.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,414 shares of the financial services provider’s stock after selling 36,928 shares during the period. Comerica Bank’s holdings in AFLAC were worth $9,003,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $3,321,000 after buying an additional 1,097 shares in the last quarter. Abacus Planning Group Inc. increased its position in shares of AFLAC by 21.4% during the third quarter. Abacus Planning Group Inc. now owns 6,602 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 1,166 shares in the last quarter. IFP Advisors Inc increased its position in shares of AFLAC by 21.5% during the third quarter. IFP Advisors Inc now owns 6,646 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,176 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. increased its position in shares of AFLAC by 10.4% during the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Advisor Partners LLC increased its position in shares of AFLAC by 5.8% during the second quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 1,209 shares in the last quarter. 66.91% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on AFL shares. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, September 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Sandler O’Neill raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, August 1st. Morgan Stanley upped their price target on AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price target on shares of AFLAC in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.54.
Shares of AFL stock opened at $45.04 on Friday. The firm has a market cap of $33.49 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a 12-month low of $41.41 and a 12-month high of $48.19.
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, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $5.58 billion for 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 company earned $0.85 earnings per share. On average, analysts predict that AFLAC Incorporated will post 4.08 earnings per share for the current year.
The business 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is presently 30.59%.
In other news, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the sale, the director now directly owns 17,779 shares of the company’s stock, valued at $824,590.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the sale, the director now directly owns 29,859 shares in the company, valued at $1,389,040.68. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.
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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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