Nomura Asset Management Co. Ltd. grew its stake in shares of AFLAC Incorporated (NYSE:AFL) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 63,630 shares of the financial services provider’s stock after buying an additional 4,631 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in AFLAC were worth $5,585,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. BlueCrest Capital Management Ltd acquired a new position in shares of AFLAC during the fourth quarter worth about $20,058,000. Thrivent Financial For Lutherans lifted its stake in shares of AFLAC by 2.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 26,923 shares of the financial services provider’s stock worth $2,364,000 after purchasing an additional 644 shares in the last quarter. Lyrical Asset Management LP lifted its stake in shares of AFLAC by 3.0% during the fourth quarter. Lyrical Asset Management LP now owns 3,601,446 shares of the financial services provider’s stock worth $316,135,000 after purchasing an additional 103,315 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of AFLAC by 29.9% during the fourth quarter. Profund Advisors LLC now owns 12,171 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in shares of AFLAC by 1.2% during the fourth quarter. Tocqueville Asset Management L.P. now owns 768,350 shares of the financial services provider’s stock worth $67,446,000 after purchasing an additional 8,900 shares in the last quarter. Institutional investors own 68.80% of the company’s stock.
AFL has been the topic of a number of recent research reports. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Wells Fargo & Co set a $84.00 price objective on AFLAC and gave the stock a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. UBS Group initiated coverage on AFLAC in a research note on Friday, March 2nd. They set a “neutral” rating and a $98.00 price objective on the stock. Finally, ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $84.96.
Shares of AFLAC Incorporated (NYSE AFL) opened at $91.68 on Monday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $35,726.14, a PE ratio of 13.48, a P/E/G ratio of 2.39 and a beta of 0.96. AFLAC Incorporated has a fifty-two week low of $70.64 and a fifty-two week high of $91.73.
AFLAC’s stock is going to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be issued to shareholders after the market closes on Friday, March 16th.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.05. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. AFLAC’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. equities analysts anticipate that AFLAC Incorporated will post 7.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 2.27%. AFLAC’s dividend payout ratio is 18.89%.
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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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