AFLAC Incorporated (AFL) Shares Bought by Old Mutual Global Investors UK Ltd.
Old Mutual Global Investors UK Ltd. grew its position in shares of AFLAC Incorporated (NYSE:AFL) by 29.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 626,143 shares of the financial services provider’s stock after acquiring an additional 144,050 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in AFLAC were worth $54,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. APG Asset Management N.V. increased its stake in shares of AFLAC by 127.8% in the 4th quarter. APG Asset Management N.V. now owns 3,631,510 shares of the financial services provider’s stock worth $265,468,000 after purchasing an additional 2,037,600 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of AFLAC by 392.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock worth $106,100,000 after purchasing an additional 1,038,628 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of AFLAC by 244.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock worth $117,491,000 after purchasing an additional 1,024,456 shares in the last quarter. PGGM Investments increased its stake in shares of AFLAC by 158.4% in the 3rd quarter. PGGM Investments now owns 659,771 shares of the financial services provider’s stock worth $53,699,000 after purchasing an additional 404,470 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of AFLAC by 79.3% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 852,858 shares of the financial services provider’s stock worth $69,414,000 after purchasing an additional 377,164 shares in the last quarter. 66.36% of the stock is currently owned by hedge funds and other institutional investors.
AFL has been the subject of several analyst reports. Wells Fargo & Co restated a “market perform” rating and issued a $90.00 price objective (up from $84.00) on shares of AFLAC in a research note on Tuesday, January 9th. Raymond James Financial upgraded AFLAC from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $88.00 to $100.00 in a research note on Monday, January 22nd. Goldman Sachs Group began coverage on AFLAC in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective for the company. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Finally, Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. AFLAC has an average rating of “Hold” and an average target price of $83.88.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the business posted $1.44 EPS. AFLAC’s revenue for the quarter was down 8.9% compared to the same quarter last year. equities analysts expect that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is presently 16.35%.
In other news, President Kriss Cloninger III sold 6,057 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $87.73, for a total transaction of $531,380.61. Following the completion of the transaction, the president now owns 241,099 shares in the company, valued at $21,151,615.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,347 shares of company stock valued at $1,962,778. Company insiders own 3.00% of the company’s stock.
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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