Teachers Retirement System of The State of Kentucky lowered its stake in shares of AFLAC Incorporated (NYSE:AFL) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,700 shares of the financial services provider’s stock after selling 2,250 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in AFLAC were worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of AFL. New York State Common Retirement Fund boosted its position in AFLAC by 0.6% during the third quarter. New York State Common Retirement Fund now owns 1,466,095 shares of the financial services provider’s stock valued at $119,325,000 after purchasing an additional 8,895 shares in the last quarter. Advisor Group Inc. boosted its position in AFLAC by 5.8% during the third quarter. Advisor Group Inc. now owns 27,995 shares of the financial services provider’s stock valued at $2,279,000 after purchasing an additional 1,531 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in AFLAC during the third quarter valued at about $907,000. Cambridge Investment Research Advisors Inc. boosted its position in AFLAC by 4.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 56,460 shares of the financial services provider’s stock valued at $4,595,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in AFLAC by 1.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 74,695 shares of the financial services provider’s stock valued at $6,080,000 after purchasing an additional 1,299 shares in the last quarter. 68.80% of the stock is currently owned by institutional investors.
Shares of AFLAC Incorporated (AFL) opened at $90.49 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $35,079.26, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. AFLAC Incorporated has a twelve month low of $70.64 and a twelve month high of $91.76.
Shares of AFLAC are going to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be issued to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue was down 8.9% compared to the same quarter last year. sell-side analysts forecast that AFLAC Incorporated will post 7.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 20th. AFLAC’s dividend payout ratio (DPR) is 18.89%.
In related news, Chairman Daniel P. Amos sold 24,983 shares of AFLAC stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.77, for a total transaction of $2,242,723.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider June P. Howard sold 2,648 shares of AFLAC stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total value of $239,193.84. The disclosure for this sale can be found here. Insiders have sold 43,921 shares of company stock valued at $3,913,315 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
AFL has been the topic of a number of recent research reports. Wells Fargo reaffirmed a “market perform” rating and set a $45.00 price objective (up previously from $42.00) on shares of AFLAC in a research report on Tuesday, January 9th. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $44.00 to $50.00 in a research report on Monday, January 22nd. Citigroup raised AFLAC to a “strong-buy” rating and raised their price objective for the company from $44.00 to $50.00 in a research report on Monday, January 22nd. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Finally, Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.48.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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