AFLAC Incorporated (AFL) Shares Sold by Raymond James & Associates
Raymond James & Associates reduced its position in AFLAC Incorporated (NYSE:AFL) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 599,293 shares of the financial services provider’s stock after selling 42,334 shares during the quarter. Raymond James & Associates’ holdings in AFLAC were worth $52,606,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $101,000. Omnia Family Wealth LLC boosted its holdings in shares of AFLAC by 261.9% in the fourth quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 901 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in shares of AFLAC by 4,338.7% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,345 shares during the period. Advisors Preferred LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $121,000. Finally, Legacy Advisors LLC boosted its holdings in shares of AFLAC by 921.5% in the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 1,327 shares during the period. 68.80% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on AFL shares. Wells Fargo & Co reissued a “market perform” rating and issued a $90.00 price objective (up from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Citigroup raised AFLAC to a “strong-buy” rating and increased their price objective for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and a consensus target price of $84.96.
AFLAC shares are going to split on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be payable to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. analysts anticipate that AFLAC Incorporated will post 7.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, February 20th. This is an increase from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 2.29%. AFLAC’s dividend payout ratio (DPR) is currently 18.89%.
In other AFLAC news, insider Audrey B. Tillman sold 2,360 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.64, for a total value of $206,830.40. Following the completion of the transaction, the insider now owns 39,331 shares in the company, valued at $3,446,968.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph L. Moskowitz acquired 550 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $89.13 per share, with a total value of $49,021.50. Following the transaction, the director now directly owns 9,263 shares of the company’s stock, valued at approximately $825,611.19. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 43,921 shares of company stock valued at $3,913,315. Corporate insiders own 3.00% of the company’s stock.
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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