Raymond James & Associates lifted its stake in shares of AFLAC Incorporated (NYSE:AFL) by 15.4% during the first quarter, HoldingsChannel.com reports. The firm owned 883,786 shares of the financial services provider’s stock after purchasing an additional 117,759 shares during the period. Raymond James & Associates’ holdings in AFLAC were worth $44,189,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AFL. Hancock Whitney Corp acquired a new stake in AFLAC in the 4th quarter valued at about $1,687,000. Norges Bank acquired a new stake in AFLAC in the 4th quarter valued at about $260,062,000. Transamerica Financial Advisors Inc. acquired a new stake in AFLAC in the 4th quarter valued at about $41,000. Victory Capital Management Inc. grew its stake in AFLAC by 12.6% in the 1st quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock valued at $311,766,000 after acquiring an additional 696,326 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in AFLAC by 0.9% in the 4th quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock valued at $15,833,000 after acquiring an additional 2,985 shares during the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.
In other AFLAC news, Director Karole Lloyd purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of $49.83 per share, for a total transaction of $99,660.00. Following the completion of the acquisition, the director now owns 22,160 shares of the company’s stock, valued at approximately $1,104,232.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Wayne Johnson sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $49.24, for a total transaction of $147,720.00. Following the completion of the transaction, the director now owns 33,035 shares in the company, valued at approximately $1,626,643.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,910 shares of company stock worth $5,342,838. Insiders own 1.30% of the company’s stock.
Shares of AFL stock opened at $51.93 on Friday. The stock has a market cap of $38.25 billion, a PE ratio of 12.48, a P/E/G ratio of 3.48 and a beta of 0.78. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $52.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ 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 net margin of 14.26% and a return on equity of 13.49%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. Analysts forecast that AFLAC Incorporated will post 4.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.08 annualized dividend and a dividend yield of 2.08%. AFLAC’s payout ratio is currently 25.96%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, April 30th. UBS Group lowered their price objective on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 30th. Raymond James upped their target price on shares of AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 30th. ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, SunTrust Banks upped their target price on shares of 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 issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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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