Commonwealth Equity Services LLC grew its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,786 shares of the financial services provider’s stock after purchasing an additional 4,083 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AFLAC were worth $13,139,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Cordasco Financial Network bought a new position in AFLAC in the 1st quarter worth about $25,000. Gables Capital Management Inc. boosted its stake in AFLAC by 276.9% in the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 360 shares during the period. Baystate Wealth Management LLC boosted its stake in AFLAC by 203.5% in the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 403 shares during the period. NuWave Investment Management LLC boosted its stake in AFLAC by 59.2% in the 1st quarter. NuWave Investment Management LLC now owns 769 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 286 shares during the period. Finally, Rational Advisors LLC boosted its position in shares of AFLAC by 59.2% during the 1st quarter. Rational Advisors LLC now owns 769 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 286 shares during the last quarter. 66.69% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on AFL shares. Zacks Investment Research downgraded AFLAC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. UBS Group dropped their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Raymond James lifted their price target on AFLAC from $56.00 to $62.00 and gave the company a “strong-buy” rating in a research report on Tuesday, June 18th. Finally, Barclays lifted their price target on AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 22nd. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. AFLAC has an average rating of “Hold” and a consensus price target of $50.64.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Equities research analysts anticipate that AFLAC Incorporated will post 4.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.93%. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
In other AFLAC news, insider Charles D. Lake II sold 18,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $52.09, for a total value of $937,620.00. Following the sale, the insider now directly owns 104,086 shares of the company’s stock, valued at $5,421,839.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Albert Riggieri sold 5,247 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $52.39, for a total value of $274,890.33. Following the transaction, the senior vice president now directly owns 10,698 shares in the company, valued at $560,468.22. The disclosure for this sale can be found here. Insiders have sold 148,324 shares of company stock worth $7,635,840 over the last three months. Insiders own 1.30% of the company’s stock.
AFLAC Company Profile
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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