Green Square Capital LLC bought a new position in shares of AFLAC Incorporated (NYSE:AFL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,690 shares of the financial services provider’s stock, valued at approximately $236,000.
A number of other institutional investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in AFLAC by 5.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 59,350 shares of the financial services provider’s stock worth $5,210,000 after acquiring an additional 2,890 shares during the period. Certified Advisory Corp acquired a new stake in AFLAC during the fourth quarter worth about $143,000. KCM Investment Advisors LLC grew its holdings in AFLAC by 7.5% in the fourth quarter. KCM Investment Advisors LLC now owns 14,825 shares of the financial services provider’s stock valued at $1,301,000 after purchasing an additional 1,038 shares during the period. Penbrook Management LLC acquired a new stake in AFLAC in the fourth quarter valued at approximately $307,000. Finally, Xact Kapitalforvaltning AB grew its holdings in AFLAC by 5.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 101,691 shares of the financial services provider’s stock valued at $8,926,000 after purchasing an additional 4,868 shares during the period. 68.72% of the stock is currently owned by hedge funds and other institutional investors.
AFL has been the topic of several research analyst reports. Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo reissued a “market perform” rating and issued a $45.00 price objective (up from $42.00) on shares of AFLAC in a report on Tuesday, January 9th. Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Citigroup raised AFLAC to a “strong-buy” rating and raised their price objective for the company from $44.00 to $50.00 in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.21.
AFLAC stock opened at $43.35 on Friday. The firm has a market capitalization of $33,785.52, a P/E ratio of 12.75, a PEG ratio of 2.26 and a beta of 0.96. AFLAC Incorporated has a 1 year low of $35.53 and a 1 year high of $45.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.44 billion. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. sell-side analysts expect that AFLAC Incorporated will post 3.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.40%. AFLAC’s dividend payout ratio (DPR) is presently 18.89%.
AFLAC Company Profile
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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