Nisa Investment Advisors LLC lifted its stake in AFLAC Incorporated (NYSE:AFL) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,755 shares of the financial services provider’s stock after purchasing an additional 3,802 shares during the period. Nisa Investment Advisors LLC’s holdings in AFLAC were worth $17,238,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in AFL. Toth Financial Advisory Corp grew its holdings in shares of AFLAC by 2.8% during the first quarter. Toth Financial Advisory Corp now owns 123,688 shares of the financial services provider’s stock worth $6,184,000 after buying an additional 3,356 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of AFLAC by 32.4% during the first quarter. Raymond James Trust N.A. now owns 50,014 shares of the financial services provider’s stock worth $2,501,000 after buying an additional 12,243 shares during the last quarter. American National Bank boosted its holdings in AFLAC by 3.2% in the 1st quarter. American National Bank now owns 129,201 shares of the financial services provider’s stock valued at $6,460,000 after purchasing an additional 4,021 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in AFLAC by 5.0% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 11,470 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 550 shares in the last quarter. Finally, Carnick & Kubik Group LLC purchased a new stake in AFLAC in the 1st quarter valued at approximately $4,190,000. Hedge funds and other institutional investors own 68.35% of the company’s stock.
Shares of AFL opened at $50.49 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two week 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 issued 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 payout ratio is 25.96%.
In other news, insider Teresa L. White sold 57,124 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the completion of the sale, the insider now directly owns 76,378 shares in the company, valued at approximately $3,848,687.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Masatoshi Koide sold 29,008 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.75, for a total value of $1,443,148.00. Following the sale, the insider now owns 64,512 shares of the company’s stock, valued at $3,209,472. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,248 shares of company stock valued at $5,948,140. Insiders own 1.30% of the company’s stock.
AFL has been the topic of a number of analyst reports. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, January 17th. 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. ValuEngine raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. UBS Group lowered their price objective on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Finally, Raymond James lifted their price objective on AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 30th. 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 given a strong buy rating to the company’s stock. AFLAC presently has an average rating of “Hold” and a consensus price target 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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