O Shaughnessy Asset Management LLC boosted its position in AFLAC Incorporated (NYSE:AFL) by 8.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 241,934 shares of the financial services provider’s stock after acquiring an additional 18,327 shares during the period. O Shaughnessy Asset Management LLC’s holdings in AFLAC were worth $11,361,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in AFL. Moneta Group Investment Advisors LLC raised its stake in AFLAC by 34,171.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 93,631 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in AFLAC in the 3rd quarter valued at about $104,000. Truvestments Capital LLC bought a new stake in shares of AFLAC during the third quarter valued at about $107,000. Spectrum Management Group Inc. bought a new stake in shares of AFLAC during the second quarter valued at about $122,000. Finally, Squar Milner Financial Services LLC bought a new stake in shares of AFLAC during the second quarter valued at about $130,000. Institutional investors and hedge funds own 66.91% of the company’s stock.
Shares of AFL opened at $45.04 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $34.30 billion, a PE ratio of 11.41, a P/E/G ratio of 1.31 and a beta of 0.95. AFLAC Incorporated has a twelve month low of $41.41 and a twelve month high of $48.19.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts predict that AFLAC Incorporated will post 4.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is 30.59%.
Several brokerages have recently weighed in on AFL. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Morgan Stanley upped their price target on AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, September 27th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. B. Riley upped their price target on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Finally, Credit Suisse Group decreased their price target on AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. AFLAC currently has an average rating of “Hold” and an average price target of $48.54.
In related news, Director Joseph L. Moskowitz sold 1,500 shares of the company’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 transaction, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the company’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 transaction, the director now 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 currently owned by corporate insiders.
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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