AFLAC Incorporated (AFL) Position Lowered by Csenge Advisory Group

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Csenge Advisory Group lowered its stake in AFLAC Incorporated (NYSE:AFL) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,434 shares of the financial services provider’s stock after selling 556 shares during the period. Csenge Advisory Group’s holdings in AFLAC were worth $921,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AFL. Cordasco Financial Network bought a new position in AFLAC in the first quarter valued at about $25,000. Gables Capital Management Inc. grew its position in AFLAC by 276.9% in the first quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 360 shares during the last quarter. Baystate Wealth Management LLC grew its position in AFLAC by 203.5% in the first quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 403 shares during the last quarter. Financial Advantage Inc. bought a new position in AFLAC in the fourth quarter valued at about $29,000. Finally, Nelson Roberts Investment Advisors LLC bought a new position in AFLAC in the fourth quarter valued at about $33,000. Institutional investors own 67.82% of the company’s stock.

In other news, insider Audrey B. Tillman sold 2,100 shares of AFLAC stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $48.71, for a total transaction of $102,291.00. Following the sale, the insider now directly owns 105,017 shares of the company’s stock, valued at $5,115,378.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $51.00, for a total value of $76,500.00. Following the sale, the director now directly owns 12,816 shares in the company, valued at $653,616. The disclosure for this sale can be found here. Insiders have sold 108,410 shares of company stock worth $5,419,338 over the last three months. Insiders own 1.30% of the company’s stock.

A number of research analysts have issued reports on AFL shares. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, April 30th. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. SunTrust Banks lifted their target price on AFLAC to $48.00 and gave the company a “hold” rating in a research report on Monday, February 4th. UBS Group decreased their target price on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Finally, Raymond James lifted their target price on AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. AFLAC presently has an average rating of “Hold” and a consensus price target of $49.80.

Shares of AFL stock opened at $52.18 on Friday. AFLAC Incorporated has a 12 month low of $41.45 and a 12 month high of $52.44. The stock has a market cap of $38.90 billion, a PE ratio of 12.31, a PEG ratio of 3.54 and a beta of 0.78. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23.

AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that AFLAC Incorporated will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Tuesday, May 21st. AFLAC’s payout ratio is 25.96%.

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AFLAC Profile

Aflac Incorporated, through its subsidiaries, 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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