Ameritas Investment Partners Inc. increased its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,234 shares of the financial services provider’s stock after buying an additional 242 shares during the period. Ameritas Investment Partners Inc.’s holdings in Aflac were worth $1,103,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in AFL. Tredje AP fonden raised its position in shares of Aflac by 43.5% in the fourth quarter. Tredje AP fonden now owns 78,492 shares of the financial services provider’s stock valued at $5,463,000 after buying an additional 23,792 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aflac by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,677,532 shares of the financial services provider’s stock valued at $186,369,000 after buying an additional 103,950 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Aflac by 6.2% in the fourth quarter. Private Advisor Group LLC now owns 15,268 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 894 shares in the last quarter. Honkamp Krueger Financial Services Inc. ADV bought a new position in shares of Aflac during the fourth quarter valued at approximately $917,000. Finally, Abbrea Capital LLC bought a new position in shares of Aflac during the fourth quarter valued at approximately $585,000. Institutional investors own 64.07% of the company’s stock.
Shares of Aflac Incorporated (NYSE:AFL) opened at 78.38 on Friday. The firm has a market capitalization of $31.10 billion, a P/E ratio of 12.75 and a beta of 1.00. The company’s 50 day moving average price is $75.11 and its 200 day moving average price is $72.12. Aflac Incorporated has a one year low of $66.50 and a one year high of $78.38.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.40 billion. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 EPS. On average, analysts expect that Aflac Incorporated will post $6.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 24th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 2.19%. Aflac’s payout ratio is currently 27.92%.
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AFL has been the subject of several research analyst reports. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, April 17th. Vetr raised Aflac from a “hold” rating to a “buy” rating and set a $77.50 price objective for the company in a report on Tuesday, April 18th. Deutsche Bank AG increased their price objective on Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Bank of America Corporation raised Aflac from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $78.00 in a report on Thursday, April 6th. They noted that the move was a valuation call. Finally, Raymond James Financial, Inc. raised Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Aflac has a consensus rating of “Hold” and an average target price of $74.55.
In related news, President Kriss Cloninger III sold 2,500 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the completion of the transaction, the president now directly owns 241,646 shares in the company, valued at approximately $18,780,727.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara K. Rimer sold 1,412 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $72.00, for a total value of $101,664.00. Following the transaction, the director now owns 12,852 shares of the company’s stock, valued at $925,344. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 233,201 shares of company stock valued at $18,011,519. 3.00% of the stock is owned by company insiders.
Aflac Company Profile
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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