Rhumbline Advisers increased its stake in Aflac Incorporated (NYSE:AFL) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,491 shares of the financial services provider’s stock after acquiring an additional 1,511 shares during the period. Rhumbline Advisers owned approximately 0.19% of Aflac worth $61,815,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. raised its stake in shares of Aflac by 5.8% in the third quarter. Advisor Group Inc. now owns 27,995 shares of the financial services provider’s stock valued at $2,279,000 after acquiring an additional 1,531 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Aflac by 79.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 852,858 shares of the financial services provider’s stock valued at $69,414,000 after acquiring an additional 377,164 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Aflac by 11.4% in the third quarter. Toronto Dominion Bank now owns 151,088 shares of the financial services provider’s stock valued at $12,296,000 after acquiring an additional 15,495 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Aflac by 0.6% in the third quarter. New York State Common Retirement Fund now owns 1,466,095 shares of the financial services provider’s stock valued at $119,325,000 after acquiring an additional 8,895 shares in the last quarter. Finally, Intrust Bank NA raised its stake in shares of Aflac by 4.8% in the third quarter. Intrust Bank NA now owns 13,404 shares of the financial services provider’s stock valued at $1,091,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 66.69% of the company’s stock.
In other Aflac news, Director Douglas Wayne Johnson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total transaction of $125,370.00. Following the transaction, the director now owns 13,733 shares of the company’s stock, valued at $1,147,804.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,709 shares of company stock worth $2,404,680. Corporate insiders own 3.00% of the company’s stock.
Several brokerages have recently issued reports on AFL. B. Riley reiterated a “neutral” rating on shares of Aflac in a research note on Monday, November 6th. Wells Fargo & Company set a $82.00 price objective on Aflac and gave the company a “hold” rating in a research note on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) began coverage on Aflac in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective on the stock. Royal Bank Of Canada reiterated a “sell” rating and issued a $71.00 price objective on shares of Aflac in a research note on Tuesday, October 10th. Finally, Citigroup Inc. cut Aflac from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.63.
Shares of Aflac Incorporated (NYSE:AFL) traded down $0.07 during mid-day trading on Tuesday, hitting $84.33. The company’s stock had a trading volume of 398,245 shares, compared to its average volume of 1,792,502. The stock has a market capitalization of $32,804.40, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $85.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 earnings per share. research analysts forecast that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
Aflac declared that its board has initiated a share buyback program on Tuesday, August 8th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.45 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. Aflac’s dividend payout ratio (DPR) is presently 24.93%.
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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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