Scout Investments Inc. lifted its position in AFLAC Incorporated (NYSE:AFL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,700 shares of the financial services provider’s stock after buying an additional 4,176 shares during the quarter. Scout Investments Inc.’s holdings in AFLAC were worth $18,296,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in AFL. Krane Funds Advisors LLC bought a new position in AFLAC during the second quarter worth $25,000. Lenox Wealth Advisors LLC bought a new position in AFLAC during the third quarter worth $25,000. Pearl River Capital LLC bought a new position in AFLAC during the second quarter worth $27,000. North Star Investment Management Corp. bought a new position in AFLAC during the third quarter worth $31,000. Finally, Virtus ETF Advisers LLC bought a new position in AFLAC during the second quarter worth $32,000. 64.24% of the stock is owned by hedge funds and other institutional investors.
AFL has been the subject of a number of research analyst reports. Bank of America set a $54.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a research report on Friday, September 27th. Raymond James cut shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price objective for the company. in a research report on Monday, July 29th. Barclays reduced their price objective on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Morgan Stanley lifted their price objective on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Evercore ISI cut shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective for the company. in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.17.
In other news, insider James Todd Daniels sold 5,552 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.98, for a total value of $294,144.96. Following the completion of the sale, the insider now owns 20,101 shares of the company’s stock, valued at $1,064,950.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 11,349 shares of the company’s stock, valued at approximately $590,148. The disclosure for this sale can be found here. In the last three months, insiders sold 15,780 shares of company stock valued at $835,628. 1.30% of the stock is currently owned by company insiders.
Shares of AFLAC stock traded up $0.57 during trading on Wednesday, reaching $51.61. The company’s stock had a trading volume of 20,793 shares, compared to its average volume of 3,263,444. The business’s 50-day moving average price is $51.16 and its 200-day moving average price is $52.08. The firm has a market cap of $38.57 billion, a PE ratio of 12.42, a P/E/G ratio of 2.89 and a beta of 0.71. AFLAC Incorporated has a 52 week low of $41.45 and a 52 week high of $57.18. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.22.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.06. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.46 billion. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. AFLAC’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts predict that AFLAC Incorporated will post 4.34 earnings per share for the current year.
Aflac Incorporated, through its subsidiaries, 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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