Vident Investment Advisory LLC trimmed its position in AFLAC Incorporated (NYSE:AFL) by 23.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,881 shares of the financial services provider’s stock after selling 12,656 shares during the quarter. Vident Investment Advisory LLC’s holdings in AFLAC were worth $1,473,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in AFLAC by 23.1% during the 1st quarter. Victory Capital Management Inc. now owns 7,359,904 shares of the financial services provider’s stock worth $252,003,000 after acquiring an additional 1,379,577 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of AFLAC by 60.9% in the first quarter. Rockefeller Capital Management L.P. now owns 2,796,865 shares of the financial services provider’s stock worth $95,765,000 after buying an additional 1,058,863 shares in the last quarter. Maj Invest Holding A S raised its position in shares of AFLAC by 19.8% in the first quarter. Maj Invest Holding A S now owns 5,743,272 shares of the financial services provider’s stock worth $196,651,000 after buying an additional 949,353 shares in the last quarter. APG Asset Management N.V. boosted its stake in AFLAC by 10.3% during the first quarter. APG Asset Management N.V. now owns 9,749,367 shares of the financial services provider’s stock valued at $434,135,000 after buying an additional 910,939 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in AFLAC by 18.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,651,352 shares of the financial services provider’s stock worth $125,022,000 after buying an additional 558,730 shares in the last quarter. Institutional investors own 67.27% of the company’s stock.
A number of brokerages have recently issued reports on AFL. SunTrust Banks dropped their price target on AFLAC from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Tuesday, April 7th. Raymond James decreased their price target on shares of AFLAC from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. ValuEngine upgraded shares of AFLAC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Finally, Credit Suisse Group cut their target price on shares of AFLAC from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.20.
AFL stock opened at $35.57 on Friday. The firm has a market cap of $25.52 billion, a P/E ratio of 7.60, a P/E/G ratio of 1.61 and a beta of 0.89. The firm’s fifty day moving average is $35.96 and its 200 day moving average is $39.78. AFLAC Incorporated has a 52 week low of $23.07 and a 52 week high of $55.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.07.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.23. AFLAC had a net margin of 13.50% and a return on equity of 11.98%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, analysts forecast that AFLAC Incorporated will post 4.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.12 dividend on an annualized basis and a yield of 3.15%. AFLAC’s dividend payout ratio (DPR) is currently 25.23%.
AFLAC Company 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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