Norinchukin Bank The Has $3.31 Million Position in Aflac Incorporated (AFL)
Norinchukin Bank The lifted its holdings in Aflac Incorporated (NYSE:AFL) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,626 shares of the financial services provider’s stock after acquiring an additional 2,252 shares during the period. Norinchukin Bank The’s holdings in Aflac were worth $3,307,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Parsons Capital Management Inc. RI increased its position in shares of Aflac by 1.0% during the first quarter. Parsons Capital Management Inc. RI now owns 31,719 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 309 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Aflac by 3.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 55,714 shares of the financial services provider’s stock worth $4,035,000 after acquiring an additional 2,044 shares during the period. Robinson Value Management Ltd. increased its position in shares of Aflac by 3.0% during the second quarter. Robinson Value Management Ltd. now owns 51,625 shares of the financial services provider’s stock worth $4,010,000 after acquiring an additional 1,490 shares during the period. Hexavest Inc. increased its position in shares of Aflac by 7,841.8% during the second quarter. Hexavest Inc. now owns 190,604 shares of the financial services provider’s stock worth $14,806,000 after acquiring an additional 188,204 shares during the period. Finally, Guinness Asset Management Ltd increased its position in shares of Aflac by 12.5% during the second quarter. Guinness Asset Management Ltd now owns 173,440 shares of the financial services provider’s stock worth $13,473,000 after acquiring an additional 19,320 shares during the period. 66.33% of the stock is owned by hedge funds and other institutional investors.
In related news, President Kriss Cloninger III sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the completion of the transaction, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Wayne Johnson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total transaction of $125,370.00. Following the transaction, the director now directly owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The disclosure for this sale can be found here. Insiders have sold 28,709 shares of company stock valued at $2,404,680 over the last quarter. Insiders own 3.00% of the company’s stock.
Aflac Incorporated (NYSE AFL) traded down $0.03 during trading hours on Thursday, hitting $85.05. 1,230,232 shares of the stock traded hands, compared to its average volume of 1,779,989. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $85.70. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $33,449.17, a P/E ratio of 12.62, a P/E/G ratio of 2.52 and a beta of 1.00.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. research analysts forecast that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.
Aflac declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 8th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.45 per share. This is an increase from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, November 14th. Aflac’s payout ratio is presently 26.09%.
A number of brokerages have recently commented on AFL. Wells Fargo & Company set a $82.00 target price on shares of Aflac and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Citigroup Inc. lowered shares of Aflac from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $82.00 to $77.00 in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Aflac in a report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price objective on the stock. Finally, B. Riley reissued a “neutral” rating on shares of Aflac in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.63.
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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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