IFM Investors Pty Ltd lifted its stake in AFLAC Incorporated (NYSE:AFL) by 15.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,872 shares of the financial services provider’s stock after buying an additional 6,915 shares during the period. IFM Investors Pty Ltd’s holdings in AFLAC were worth $2,544,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AFL. Vanguard Group Inc. raised its position in shares of AFLAC by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 66,738,143 shares of the financial services provider’s stock worth $3,141,364,000 after purchasing an additional 505,341 shares during the period. Vanguard Group Inc raised its position in shares of AFLAC by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock worth $3,141,364,000 after purchasing an additional 505,341 shares during the period. BlackRock Inc. raised its position in shares of AFLAC by 3.1% during the 4th quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider’s stock worth $2,353,074,000 after purchasing an additional 1,557,905 shares during the period. Geode Capital Management LLC raised its position in shares of AFLAC by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 10,367,524 shares of the financial services provider’s stock worth $471,555,000 after purchasing an additional 724,613 shares during the period. Finally, LSV Asset Management raised its position in shares of AFLAC by 0.4% during the 4th quarter. LSV Asset Management now owns 6,110,739 shares of the financial services provider’s stock worth $278,405,000 after purchasing an additional 21,722 shares during the period. 68.35% of the stock is owned by institutional investors.
AFL has been the topic of several analyst reports. SunTrust Banks raised their target price on AFLAC to $48.00 and gave the company a “hold” rating in a research report on Monday, February 4th. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research cut AFLAC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Raymond James raised their target price on AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 30th. Finally, UBS Group decreased their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.80.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. On average, research analysts predict 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, May 21st. AFLAC’s dividend payout ratio is presently 25.96%.
In related news, Director Karole Lloyd acquired 2,000 shares of AFLAC stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of $49.83 per share, with a total value of $99,660.00. Following the purchase, the director now directly owns 22,160 shares in the company, valued at approximately $1,104,232.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Teresa L. White sold 57,124 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was 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 directly owns 76,378 shares of the company’s stock, valued at approximately $3,848,687.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,248 shares of company stock valued at $5,948,140. Corporate insiders own 1.30% of the company’s stock.
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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