Hills Bank & Trust Co. increased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 86.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,105 shares of the financial services provider’s stock after purchasing an additional 7,465 shares during the period. Hills Bank & Trust Co.’s holdings in AFLAC were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Cordasco Financial Network purchased a new stake in shares of AFLAC in the 1st quarter valued at approximately $25,000. Financial Advantage Inc. purchased a new stake in shares of AFLAC in the 4th quarter valued at approximately $29,000. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of AFLAC in the 4th quarter valued at approximately $33,000. IMS Capital Management purchased a new stake in shares of AFLAC in the 3rd quarter valued at approximately $35,000. Finally, NuWave Investment Management LLC increased its position in shares of AFLAC by 59.2% in the 1st quarter. NuWave Investment Management LLC now owns 769 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.
AFL opened at $50.49 on Friday. The company has a market capitalization of $37.64 billion, a P/E ratio of 12.14, a P/E/G ratio of 3.42 and a beta of 0.78. 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 Incorporated has a 1 year low of $41.45 and a 1 year high of $50.72.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. AFLAC’s dividend payout ratio is currently 25.96%.
In related news, insider Teresa L. White sold 57,124 shares of AFLAC stock in a transaction on 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 sale, the insider now owns 76,378 shares in the company, valued at $3,848,687.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Teresa L. White sold 12,338 shares of AFLAC stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $49.06, for a total transaction of $605,302.28. Following the completion of the sale, the insider now owns 56,343 shares of the company’s stock, valued at approximately $2,764,187.58. The disclosure for this sale can be found here. Insiders have sold 119,248 shares of company stock worth $5,948,140 in the last quarter. Insiders own 1.30% of the company’s stock.
Several research analysts have recently issued reports on the stock. 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. UBS Group decreased their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, April 30th. ValuEngine cut shares of AFLAC from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, SunTrust Banks increased their price target 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 assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. AFLAC has an average rating of “Hold” and a consensus target price of $49.80.
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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