Trexquant Investment LP bought a new position in AFLAC Incorporated (NYSE:AFL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 66,242 shares of the financial services provider’s stock, valued at approximately $3,118,000.
A number of other hedge funds also recently modified their holdings of AFL. Moneta Group Investment Advisors LLC boosted its stake in shares of AFLAC by 34,171.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 93,631 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of AFLAC during the 3rd quarter worth $104,000. Truvestments Capital LLC purchased a new position in shares of AFLAC during the 3rd quarter worth $107,000. Spectrum Management Group Inc. purchased a new position in shares of AFLAC during the 2nd quarter worth $122,000. Finally, Zions Bancorporation purchased a new position in shares of AFLAC during the 3rd quarter worth $131,000. Institutional investors own 67.37% of the company’s stock.
Shares of AFL stock opened at $44.47 on Friday. The firm has a market cap of $33.85 billion, a PE ratio of 13.08, a PEG ratio of 1.29 and a beta of 0.95. AFLAC Incorporated has a one year low of $41.41 and a one year high of $48.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.34%. AFLAC’s payout ratio is 30.59%.
AFL has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, September 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Sandler O’Neill upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, August 1st. Morgan Stanley lifted their price target on shares of AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of AFLAC in a research note on Wednesday, August 1st. One 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 presently has a consensus rating of “Hold” and an average price target of $48.38.
In other AFLAC news, Director Douglas Wayne Johnson sold 2,000 shares of AFLAC stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,500 shares of AFLAC stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the completion of 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. 3.00% of the stock is owned by company insiders.
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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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