Pendal Group Ltd Trims Holdings in AFLAC Incorporated (AFL)

Pendal Group Ltd lessened its position in AFLAC Incorporated (NYSE:AFL) by 58.9% in the third quarter, HoldingsChannel.com reports. The fund owned 72,277 shares of the financial services provider’s stock after selling 103,522 shares during the quarter. Pendal Group Ltd’s holdings in AFLAC were worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AFL. Gulf International Bank UK Ltd boosted its position in AFLAC by 5.3% in the third quarter. Gulf International Bank UK Ltd now owns 263,816 shares of the financial services provider’s stock worth $12,417,000 after purchasing an additional 13,200 shares during the last quarter. HL Financial Services LLC boosted its position in AFLAC by 27.1% in the third quarter. HL Financial Services LLC now owns 49,667 shares of the financial services provider’s stock worth $2,338,000 after purchasing an additional 10,603 shares during the last quarter. Zions Bancorporation purchased a new position in AFLAC in the third quarter worth $131,000. Daiwa Securities Group Inc. boosted its position in AFLAC by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 44,802 shares of the financial services provider’s stock worth $2,109,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in AFLAC by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 79,182 shares of the financial services provider’s stock worth $3,727,000 after purchasing an additional 1,991 shares during the last quarter. 66.91% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 29,859 shares in the company, valued at approximately $1,389,040.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $69,570.00. Following the sale, the director now owns 17,779 shares in the company, valued at $824,590.02. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Shares of AFL opened at $45.21 on Friday. The firm has a market capitalization of $33.49 billion, a price-to-earnings ratio of 13.30, a PEG 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 1 year low of $41.41 and a 1 year high of $48.19.

AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 12.85% and a net margin of 21.51%. During the same period in the previous year, the company posted $0.85 earnings per share. Research analysts anticipate 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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.30%. AFLAC’s payout ratio is 30.59%.

Several research firms have weighed in on AFL. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, August 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price objective on shares of AFLAC in a research report on Wednesday, August 1st. Sandler O’Neill raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, August 1st. B. Riley boosted their target price on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.54.

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AFLAC Company Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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