Toronto Dominion Bank boosted its position in AFLAC Incorporated (NYSE:AFL) by 30.2% in the 1st quarter, HoldingsChannel reports. The firm owned 551,909 shares of the financial services provider’s stock after buying an additional 128,115 shares during the period. Toronto Dominion Bank’s holdings in AFLAC were worth $27,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new stake in AFLAC during the 1st quarter valued at $25,000. Gables Capital Management Inc. grew its holdings in AFLAC by 276.9% during the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after buying an additional 360 shares during the last quarter. Financial Advantage Inc. acquired a new stake in AFLAC during the 4th quarter valued at $29,000. Baystate Wealth Management LLC grew its holdings in AFLAC by 203.5% during the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after buying an additional 403 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new stake in AFLAC during the 4th quarter valued at $33,000. 67.82% of the stock is owned by hedge funds and other institutional investors.

AFL stock opened at $51.13 on Wednesday. AFLAC Incorporated has a 52-week low of $41.45 and a 52-week high of $51.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $37.62 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.

AFLAC (NYSE:AFL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, equities research analysts predict that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, May 21st. AFLAC’s dividend payout ratio (DPR) is currently 25.96%.

Several research firms have recently issued reports on AFL. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, April 30th. UBS Group decreased their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Raymond James raised their price objective on AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, SunTrust Banks raised their price objective on AFLAC to $48.00 and gave the stock a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.80.

In other news, Director Karole Lloyd bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of $49.83 per share, with a total value of $99,660.00. Following the transaction, the director now owns 22,160 shares of the company’s stock, valued at approximately $1,104,232.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Audrey B. Tillman sold 2,100 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $48.71, for a total value of $102,291.00. Following the completion of the transaction, the insider now directly owns 105,017 shares in the company, valued at $5,115,378.07. The disclosure for this sale can be found here. Insiders sold a total of 106,910 shares of company stock worth $5,342,838 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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AFLAC Profile

Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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