First Allied Advisory Services Inc. grew its holdings in AFLAC Incorporated (NYSE:AFL) by 101.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,293 shares of the financial services provider’s stock after purchasing an additional 47,475 shares during the quarter. First Allied Advisory Services Inc.’s holdings in AFLAC were worth $4,161,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of AFL. SeaCrest Wealth Management LLC purchased a new position in shares of AFLAC in the 4th quarter worth approximately $101,000. Omnia Family Wealth LLC grew its position in shares of AFLAC by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after buying an additional 901 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of AFLAC by 100.0% in the 1st quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,215 shares during the last quarter. Smithfield Trust Co. grew its position in shares of AFLAC by 100.0% in the 1st quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,260 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of AFLAC in the 4th quarter worth approximately $121,000. Institutional investors and hedge funds own 67.26% of the company’s stock.
A number of research analysts have recently issued reports on AFL shares. JPMorgan Chase & Co. set a $47.00 price objective on shares of AFLAC and gave the stock a “buy” rating in a research report on Thursday, April 26th. 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, April 3rd. Barclays cut their price objective on shares of AFLAC to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 21st. Morgan Stanley lifted their price objective on shares of AFLAC from $22.75 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 27th. Finally, ValuEngine downgraded shares of AFLAC from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. AFLAC currently has an average rating of “Hold” and a consensus price target of $46.46.
NYSE:AFL opened at $45.68 on Friday. The company has a market cap of $35.42 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.77 and a beta of 0.93. AFLAC Incorporated has a twelve month low of $38.31 and a twelve month high of $46.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. The business had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a net margin of 20.61% and a return on equity of 12.39%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. equities research analysts expect that AFLAC Incorporated will post 3.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Wednesday, May 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Tuesday, May 22nd. AFLAC’s dividend payout ratio (DPR) is currently 30.59%.
In other news, Director Charles B. Knapp sold 10,000 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $43.72, for a total value of $437,200.00. Following the sale, the director now directly owns 76,582 shares of the company’s stock, valued at approximately $3,348,165.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.
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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