Aflac Incorporated (NYSE:AFL) Position Maintained by South Dakota Investment Council
South Dakota Investment Council held its position in Aflac Incorporated (NYSE:AFL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,900 shares of the financial services provider’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Aflac were worth $3,686,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Aflac by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,890 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 920 shares during the last quarter. Sowell Financial Services LLC bought a new position in Aflac during the fourth quarter worth approximately $265,000. Norges Bank bought a new position in Aflac during the fourth quarter worth approximately $1,454,272,000. Vident Investment Advisory LLC raised its position in Aflac by 1.1% in the fourth quarter. Vident Investment Advisory LLC now owns 32,923 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 363 shares during the last quarter. Finally, Auxier Asset Management raised its position in Aflac by 11.6% in the fourth quarter. Auxier Asset Management now owns 77,920 shares of the financial services provider’s stock worth $5,423,000 after buying an additional 8,100 shares during the last quarter. 64.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Aflac Incorporated (NYSE AFL) traded down 0.23% during trading on Thursday, reaching $80.97. 1,265,578 shares of the company were exchanged. The firm has a market capitalization of $32.06 billion, a PE ratio of 13.17 and a beta of 0.99. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $81.45. The company’s 50-day moving average is $78.05 and its 200 day moving average is $74.01.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.20. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 EPS. Equities research analysts expect that Aflac Incorporated will post $6.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.12%. Aflac’s dividend payout ratio is 25.94%.
Several equities research analysts recently issued reports on the company. ValuEngine raised Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub downgraded Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Bank of America Corporation upgraded Aflac from an “underperform” rating to a “neutral” rating and raised their price target for the company from $75.00 to $78.00 in a research report on Tuesday, July 4th. Barclays PLC raised their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada reiterated a “sell” rating and issued a $66.00 price objective on shares of Aflac in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.95.
In other Aflac news, Director Karole Lloyd bought 1,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were bought at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the acquisition, the director now directly owns 7,253 shares of the company’s stock, valued at $558,553.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul S. Amos II sold 222,889 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the transaction, the insider now owns 329,540 shares in the company, valued at approximately $25,506,396. The disclosure for this sale can be found here. Insiders sold a total of 236,703 shares of company stock worth $18,328,514 in the last quarter. 3.00% of the stock is owned by corporate insiders.
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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