Claybrook Capital LLC acquired a new stake in AFLAC Incorporated (NYSE:AFL) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,428 shares of the financial services provider’s stock, valued at approximately $65,000.
Several other institutional investors have also recently made changes to their positions in AFL. Nomura Asset Management Co. Ltd. increased its stake in AFLAC by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159,069 shares of the financial services provider’s stock worth $7,488,000 after buying an additional 10,457 shares during the period. MML Investors Services LLC increased its position in AFLAC by 12.5% during the 3rd quarter. MML Investors Services LLC now owns 35,308 shares of the financial services provider’s stock valued at $1,662,000 after purchasing an additional 3,930 shares during the period. Twin Capital Management Inc. purchased a new position in AFLAC during the 3rd quarter valued at about $686,000. Commonwealth Bank of Australia increased its position in AFLAC by 4.7% during the 3rd quarter. Commonwealth Bank of Australia now owns 133,492 shares of the financial services provider’s stock valued at $6,277,000 after purchasing an additional 6,000 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in AFLAC by 32.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,732 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 4,105 shares during the period. Institutional investors and hedge funds own 66.64% of the company’s stock.
AFL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, December 11th. JPMorgan Chase & Co. downgraded shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Wednesday, January 2nd. ValuEngine raised shares of AFLAC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, SunTrust Banks lifted their price objective on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.36.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.47 billion. On average, equities research analysts expect that AFLAC Incorporated will post 4.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This is a boost from AFLAC’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.16%. AFLAC’s dividend payout ratio (DPR) is 25.96%.
In related news, insider Charles D. Lake II sold 15,678 shares of AFLAC stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.19, for a total value of $771,200.82. Following the completion of the sale, the insider now directly owns 137,764 shares in the company, valued at approximately $6,776,611.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Wayne Johnson sold 3,000 shares of AFLAC stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $49.24, for a total transaction of $147,720.00. Following the completion of the sale, the director now owns 33,035 shares of the company’s stock, valued at $1,626,643.40. The disclosure for this sale can be found here. Insiders sold a total of 64,765 shares of company stock valued at $3,120,127 over the last quarter. 1.70% of the stock is owned by company insiders.
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AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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