Penserra Capital Management LLC Grows Holdings in AFLAC Incorporated (NYSE:AFL)

Penserra Capital Management LLC increased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 3,247.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,490 shares of the financial services provider’s stock after purchasing an additional 36,370 shares during the quarter. Penserra Capital Management LLC’s holdings in AFLAC were worth $1,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Emerald Investment Partners LLC bought a new position in AFLAC in the 3rd quarter valued at about $202,000. Dividend Assets Capital LLC lifted its position in shares of AFLAC by 8.3% in the 3rd quarter. Dividend Assets Capital LLC now owns 19,990 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 1,525 shares during the period. Brookstone Capital Management lifted its position in shares of AFLAC by 74.1% in the 3rd quarter. Brookstone Capital Management now owns 11,756 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 5,002 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of AFLAC by 5.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 190,965 shares of the financial services provider’s stock worth $8,989,000 after purchasing an additional 10,377 shares during the period. Finally, Gulf International Bank UK Ltd lifted its position in shares of AFLAC by 5.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 263,816 shares of the financial services provider’s stock worth $12,417,000 after purchasing an additional 13,200 shares during the period. Institutional investors and hedge funds own 66.77% of the company’s stock.

In other AFLAC news, Director Douglas Wayne Johnson sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the transaction, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total value of $69,570.00. Following the transaction, the director now directly owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

AFL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, September 3rd. Morgan Stanley boosted their price target on shares of AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, September 27th. ValuEngine lowered shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group reduced their target price on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.38.

Shares of AFL stock traded up $0.33 during trading on Monday, hitting $46.07. The company had a trading volume of 5,200,200 shares, compared to its average volume of 3,606,516. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. AFLAC Incorporated has a 52 week low of $41.41 and a 52 week high of $48.19.

AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts forecast that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s payout ratio is currently 30.59%.

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AFLAC Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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