AFLAC Incorporated (AFL) Shares Bought by Clearbridge LLC
Clearbridge LLC lifted its position in AFLAC Incorporated (NYSE:AFL) by 32.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 76,312 shares of the financial services provider’s stock after acquiring an additional 18,509 shares during the period. Clearbridge LLC’s holdings in AFLAC were worth $6,699,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AFL. SeaCrest Wealth Management LLC acquired a new stake in AFLAC during the 4th quarter worth approximately $101,000. Omnia Family Wealth LLC lifted its position in AFLAC by 261.9% during the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 901 shares during the period. San Francisco Sentry Investment Group CA lifted its position in AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,345 shares during the period. Advisors Preferred LLC acquired a new stake in AFLAC during the 4th quarter worth approximately $121,000. Finally, Legacy Advisors LLC lifted its position in AFLAC by 921.5% during the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,327 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman Daniel P. Amos sold 24,983 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.77, for a total value of $2,242,723.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Todd Daniels sold 1,430 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $87.11, for a total value of $124,567.30. Following the completion of the transaction, the vice president now directly owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The disclosure for this sale can be found here. Insiders sold a total of 43,921 shares of company stock valued at $3,913,315 over the last ninety days. 3.00% of the stock is currently owned by company insiders.
Shares of AFLAC Incorporated (NYSE AFL) opened at $91.68 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $35,726.14, a P/E ratio of 13.48, a PEG ratio of 2.39 and a beta of 0.96. AFLAC Incorporated has a 1-year low of $70.64 and a 1-year high of $91.73.
AFLAC shares are going to split before the market opens on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be distributed to shareholders after the market closes on Friday, March 16th.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period last year, the firm earned $1.44 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. sell-side analysts anticipate that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were paid a $0.52 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, February 20th. AFLAC’s dividend payout ratio (DPR) is presently 18.89%.
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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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