RDL Financial Inc. reduced its holdings in AFLAC Incorporated (NYSE:AFL) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,369 shares of the financial services provider’s stock after selling 685 shares during the quarter. AFLAC accounts for about 1.4% of RDL Financial Inc.’s investment portfolio, making the stock its 24th biggest holding. RDL Financial Inc.’s holdings in AFLAC were worth $2,315,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AFL. Mutual of America Capital Management LLC raised its holdings in AFLAC by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 48,300 shares of the financial services provider’s stock worth $4,240,000 after purchasing an additional 585 shares during the last quarter. Intrust Bank NA raised its holdings in AFLAC by 4.8% during the third quarter. Intrust Bank NA now owns 13,404 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 617 shares during the last quarter. Somerset Trust Co raised its holdings in AFLAC by 2.6% during the fourth quarter. Somerset Trust Co now owns 24,941 shares of the financial services provider’s stock worth $2,190,000 after purchasing an additional 641 shares during the last quarter. GWM Advisors LLC raised its holdings in AFLAC by 8.5% during the fourth quarter. GWM Advisors LLC now owns 8,469 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 667 shares during the last quarter. Finally, Lingohr & Partner Asset Management GmbH raised its holdings in AFLAC by 2.7% during the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 26,652 shares of the financial services provider’s stock worth $2,339,000 after purchasing an additional 695 shares during the last quarter. 66.87% of the stock is owned by institutional investors and hedge funds.
AFLAC Incorporated (NYSE AFL) opened at $89.57 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $34,903.91, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. AFLAC Incorporated has a 1 year low of $70.64 and a 1 year high of $91.73.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.05. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. AFLAC’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. sell-side analysts forecast that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s payout ratio is 18.89%.
In related news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now owns 25,037 shares in the company, valued at $2,203,256. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph L. Moskowitz purchased 550 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $89.13 per share, for a total transaction of $49,021.50. Following the purchase, the director now owns 9,263 shares of the company’s stock, valued at approximately $825,611.19. The disclosure for this purchase can be found here. In the last three months, insiders have sold 47,330 shares of company stock valued at $4,205,502. 3.00% of the stock is owned by company insiders.
Several brokerages recently issued reports on AFL. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Citigroup raised AFLAC to a “strong-buy” rating and lifted their price objective for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $83.88.
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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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