AFLAC Incorporated (AFL) Shares Bought by Bp Plc
Bp Plc raised its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 67.5% in the 1st quarter, Holdings Channel reports. The firm owned 134,000 shares of the financial services provider’s stock after purchasing an additional 54,000 shares during the quarter. Bp Plc’s holdings in AFLAC were worth $6,699,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Greenleaf Trust lifted its position in shares of AFLAC by 6.6% during the first quarter. Greenleaf Trust now owns 35,555 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 2,198 shares during the last quarter. Todd Asset Management LLC bought a new stake in shares of AFLAC during the first quarter worth $14,953,000. Clark Capital Management Group Inc. lifted its position in shares of AFLAC by 2.8% during the first quarter. Clark Capital Management Group Inc. now owns 928,743 shares of the financial services provider’s stock worth $46,437,000 after purchasing an additional 25,668 shares during the last quarter. Foster & Motley Inc. lifted its position in shares of AFLAC by 29.2% during the first quarter. Foster & Motley Inc. now owns 66,882 shares of the financial services provider’s stock worth $3,344,000 after purchasing an additional 15,130 shares during the last quarter. Finally, Knuff & Co LLC lifted its position in shares of AFLAC by 9.7% during the first quarter. Knuff & Co LLC now owns 24,900 shares of the financial services provider’s stock worth $1,245,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.
In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $51.00, for a total value of $76,500.00. Following the transaction, the director now owns 12,816 shares in the company, valued at $653,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Teresa L. White sold 57,124 shares of AFLAC stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.39, for a total value of $2,878,478.36. Following the completion of the transaction, the insider now owns 76,378 shares in the company, valued at approximately $3,848,687.42. The disclosure for this sale can be found here. Insiders sold 126,410 shares of company stock valued at $6,356,958 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. On average, sell-side analysts anticipate that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be issued a $0.27 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.08 annualized dividend and a dividend yield of 2.07%. AFLAC’s payout ratio is currently 25.96%.
Several analysts have recently weighed in on the company. Raymond James lifted their target price on AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 30th. UBS Group decreased their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, April 30th. ValuEngine downgraded AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, SunTrust Banks lifted their price objective on AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.80.
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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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