Elkhorn Investments LLC bought a new stake in Aflac Incorporated (NYSE:AFL) during the first quarter, according to its most recent filing with the SEC. The fund bought 17,963 shares of the financial services provider’s stock, valued at approximately $1,301,000. Aflac accounts for about 1.1% of Elkhorn Investments LLC’s holdings, making the stock its 23rd largest position.
Other large investors also recently bought and sold shares of the company. CWM LLC boosted its stake in Aflac by 7.7% in the first quarter. CWM LLC now owns 1,400 shares of the financial services provider’s stock valued at $101,000 after buying an additional 100 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Aflac during the fourth quarter worth $115,000. Mosaic Family Wealth LLC raised its stake in shares of Aflac by 41.7% in the third quarter. Mosaic Family Wealth LLC now owns 1,766 shares of the financial services provider’s stock worth $127,000 after buying an additional 520 shares in the last quarter. SRB Corp raised its stake in shares of Aflac by 4.4% in the third quarter. SRB Corp now owns 2,153 shares of the financial services provider’s stock worth $155,000 after buying an additional 90 shares in the last quarter. Finally, Norway Savings Bank acquired a new position in Aflac during the fourth quarter worth about $152,000. 64.09% of the stock is owned by hedge funds and other institutional investors.
Aflac Incorporated (NYSE:AFL) traded down 0.69% during mid-day trading on Tuesday, reaching $78.71. 1,171,917 shares of the company were exchanged. The stock’s 50-day moving average price is $75.23 and its 200-day moving average price is $72.20. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of 12.80 and a beta of 1.00. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $79.86.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Aflac Incorporated will post $6.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 24th were given a dividend of $0.43 per share. The ex-dividend date was Monday, May 22nd. This represents a $1.72 annualized dividend and a yield of 2.19%. Aflac’s dividend payout ratio (DPR) is presently 27.92%.
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AFL has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. Bank of America Corporation raised shares of Aflac from an “underperform” rating to a “neutral” rating and lifted their price target 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. Raymond James Financial, Inc. raised shares of Aflac from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, April 18th. Deutsche Bank AG lifted their price objective on shares of Aflac from $70.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, J P Morgan Chase & Co upgraded shares of Aflac from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $71.71 to $75.00 in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Aflac currently has an average rating of “Hold” and an average price target of $74.55.
In related news, President Kriss Cloninger III sold 2,500 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $77.72, for a total transaction of $194,300.00. Following the transaction, the president now directly owns 241,646 shares in the company, valued at $18,780,727.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara K. Rimer sold 1,412 shares of the stock in a transaction dated 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 in the company, valued at $925,344. The disclosure for this sale can be found here. Insiders have sold 233,201 shares of company stock worth $18,011,519 over the last quarter. 3.00% of the stock is currently owned by company insiders.
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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