AFLAC Incorporated (AFL) Shares Sold by Bienville Capital Management LLC
Bienville Capital Management LLC decreased its holdings in AFLAC Incorporated (NYSE:AFL) by 21.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,352 shares of the financial services provider’s stock after selling 2,237 shares during the quarter. Bienville Capital Management LLC’s holdings in AFLAC were worth $680,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of AFL. Vident Investment Advisory LLC acquired a new position in shares of AFLAC in the 3rd quarter valued at approximately $677,000. Chevy Chase Trust Holdings Inc. increased its position in AFLAC by 0.8% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 345,677 shares of the financial services provider’s stock worth $28,135,000 after purchasing an additional 2,617 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in AFLAC by 10.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,011 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 871 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in AFLAC by 4.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 24,220 shares of the financial services provider’s stock worth $1,971,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Magnetar Financial LLC increased its position in AFLAC by 244.3% during the 3rd quarter. Magnetar Financial LLC now owns 44,787 shares of the financial services provider’s stock worth $3,645,000 after purchasing an additional 31,777 shares in the last quarter. Institutional investors and hedge funds own 65.42% of the company’s stock.
A number of research firms recently issued reports on AFL. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Thursday, September 21st. B. Riley reissued a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Royal Bank Of Canada reissued a “sell” rating and set a $71.00 target price on shares of AFLAC in a report on Tuesday, October 10th. Wells Fargo & Company set a $82.00 target price on shares of AFLAC and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group assumed coverage on shares of AFLAC in a report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $79.79.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (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 for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. AFLAC’s revenue was down 3.7% on a year-over-year basis. analysts predict that AFLAC Incorporated will post 6.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.45 per share. This is an increase from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, November 14th. This represents a $1.80 annualized dividend and a yield of 2.04%. AFLAC’s dividend payout ratio is presently 26.09%.
In other news, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the sale, the president now owns 298,646 shares in the company, valued at $25,035,494.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth J. Hudson sold 1,279 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.76, for a total transaction of $107,129.04. Following the completion of the sale, the director now owns 11,075 shares of the company’s stock, valued at approximately $927,642. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,766 shares of company stock worth $2,936,060. Corporate insiders own 3.00% of the company’s stock.
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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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