Securian Asset Management Inc Sells 435 Shares of AFLAC Incorporated (AFL)

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Securian Asset Management Inc cut its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,107 shares of the financial services provider’s stock after selling 435 shares during the quarter. Securian Asset Management Inc’s holdings in AFLAC were worth $3,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AFL. Vanguard Group Inc. increased its position in shares of AFLAC by 0.8% during the third quarter. Vanguard Group Inc. now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after buying an additional 505,341 shares during the period. Vanguard Group Inc increased its position in shares of AFLAC by 0.8% during the third quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after buying an additional 505,341 shares during the period. Lyrical Asset Management LP increased its position in shares of AFLAC by 3.8% during the third quarter. Lyrical Asset Management LP now owns 8,222,912 shares of the financial services provider’s stock valued at $387,052,000 after buying an additional 302,772 shares during the period. Legal & General Group Plc increased its position in shares of AFLAC by 4.6% during the third quarter. Legal & General Group Plc now owns 4,067,213 shares of the financial services provider’s stock valued at $191,421,000 after buying an additional 178,774 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of AFLAC by 1.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,058,048 shares of the financial services provider’s stock valued at $143,942,000 after buying an additional 33,088 shares during the period. 66.72% of the stock is currently owned by institutional investors and hedge funds.

In other AFLAC news, VP Richard Williams, Jr. sold 1,129 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $43.97, for a total transaction of $49,642.13. Following the transaction, the vice president now directly owns 14,577 shares in the company, valued at $640,950.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Masatoshi Koide sold 27,120 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $47.71, for a total transaction of $1,293,895.20. Following the transaction, the insider now owns 52,858 shares in the company, valued at $2,521,855.18. The disclosure for this sale can be found here. Insiders have sold 31,649 shares of company stock worth $1,493,613 over the last quarter. Company insiders own 1.70% of the company’s stock.

Shares of NYSE AFL opened at $48.18 on Friday. AFLAC Incorporated has a one year low of $41.41 and a one year high of $48.59. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.25. The company has a market cap of $36.68 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 3.35 and a beta of 0.78.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.02 EPS for the quarter, beating 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 business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.47 billion. As a group, sell-side analysts predict that AFLAC Incorporated will post 4.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th will be given a dividend of $0.27 per share. 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 2.24%. The ex-dividend date is Tuesday, February 19th. AFLAC’s dividend payout ratio (DPR) is presently 25.00%.

Several brokerages have recently weighed in on AFL. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday. SunTrust Banks upped 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. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Morgan Stanley decreased their price objective on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. cut 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. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.42.

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About AFLAC

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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