Tredje AP fonden grew its position in AFLAC Incorporated (NYSE:AFL) by 19.7% during the first quarter, HoldingsChannel.com reports. The fund owned 53,996 shares of the financial services provider’s stock after acquiring an additional 8,893 shares during the quarter. Tredje AP fonden’s holdings in AFLAC were worth $2,213,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AFL. Japan Post Holdings Co. Ltd. grew its holdings in shares of AFLAC by 10.1% in the first quarter. Japan Post Holdings Co. Ltd. now owns 52,300,000 shares of the financial services provider’s stock valued at $1,790,752,000 after purchasing an additional 4,797,977 shares in the last quarter. Geode Capital Management LLC lifted its position in AFLAC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 10,950,036 shares of the financial services provider’s stock valued at $578,128,000 after purchasing an additional 189,960 shares during the last quarter. Victory Capital Management Inc. lifted its position in AFLAC by 23.1% during the first quarter. Victory Capital Management Inc. now owns 7,359,904 shares of the financial services provider’s stock valued at $252,003,000 after purchasing an additional 1,379,577 shares during the last quarter. Norges Bank purchased a new position in shares of AFLAC in the 4th quarter worth $350,139,000. Finally, Maj Invest Holding A S increased its holdings in shares of AFLAC by 19.8% in the 1st quarter. Maj Invest Holding A S now owns 5,743,272 shares of the financial services provider’s stock worth $196,651,000 after buying an additional 949,353 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.
AFL traded down $0.15 during trading hours on Friday, reaching $34.70. 2,874,982 shares of the company’s stock traded hands, compared to its average volume of 4,014,879. The firm has a 50-day moving average price of $35.48 and a 200 day moving average price of $45.71. The firm has a market capitalization of $25.01 billion, a PE ratio of 8.78, a PEG ratio of 1.61 and a beta of 0.90. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.26. AFLAC Incorporated has a 52-week low of $23.07 and a 52-week high of $57.18.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.49 billion. AFLAC had a return on equity of 11.84% and a net margin of 13.49%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. Equities analysts predict that AFLAC Incorporated will post 4.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.12 dividend on an annualized basis and a yield of 3.23%. AFLAC’s payout ratio is 25.23%.
A number of brokerages recently commented on AFL. Raymond James lowered their price target on shares of AFLAC from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Credit Suisse Group dropped their target price on AFLAC from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, April 27th. TheStreet downgraded AFLAC from a “b-” rating to a “c+” rating in a research report on Friday, March 20th. Zacks Investment Research downgraded AFLAC from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a research report on Tuesday, April 7th. Finally, ValuEngine raised shares of AFLAC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. AFLAC currently has a consensus rating of “Hold” and a consensus price target of $45.51.
In related news, COO Frederick John Crawford bought 25,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $28.69 per share, for a total transaction of $717,250.00. Following the purchase, the chief operating officer now directly owns 247,828 shares of the company’s stock, valued at $7,110,185.32. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.
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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