BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 47.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,278 shares of the financial services provider’s stock after selling 159,322 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AFLAC were worth $8,250,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC increased its stake in AFLAC by 42.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 75,612 shares of the financial services provider’s stock worth $3,253,000 after purchasing an additional 22,381 shares in the last quarter. KBC Group NV increased its stake in AFLAC by 14.8% during the 2nd quarter. KBC Group NV now owns 381,596 shares of the financial services provider’s stock worth $16,416,000 after purchasing an additional 49,112 shares in the last quarter. State of Wisconsin Investment Board increased its stake in AFLAC by 5.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 797,869 shares of the financial services provider’s stock worth $34,324,000 after purchasing an additional 39,935 shares in the last quarter. Global Financial Private Capital LLC increased its stake in AFLAC by 90.8% during the 2nd quarter. Global Financial Private Capital LLC now owns 26,316 shares of the financial services provider’s stock worth $1,132,000 after purchasing an additional 12,525 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in AFLAC during the 2nd quarter worth approximately $3,486,000. Hedge funds and other institutional investors own 66.77% of the company’s stock.
A number of analysts recently issued reports on AFL shares. Morgan Stanley lowered their target price on AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 13th. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Zacks Investment Research cut AFLAC from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group lowered their target price on AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. AFLAC has a consensus rating of “Hold” and an average price target of $48.38.
In other news, Director Douglas Wayne Johnson sold 2,000 shares of the firm’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 transaction of $93,040.00. Following the completion of the transaction, the director now directly owns 29,859 shares of the company’s stock, valued at approximately $1,389,040.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,500 shares of the firm’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 transaction, the director now directly owns 17,779 shares of the company’s stock, valued at $824,590.02. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
Shares of AFL opened at $43.25 on Friday. The company has a market cap of $33.72 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. AFLAC Incorporated has a twelve month low of $41.41 and a twelve month high of $48.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $5.58 billion during 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 last year, the business earned $0.85 EPS. As a group, sell-side analysts expect that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.40%. AFLAC’s dividend payout ratio is currently 30.59%.
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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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