US Bancorp DE Sells 25,334 Shares of AFLAC Incorporated (AFL)

US Bancorp DE decreased its holdings in AFLAC Incorporated (NYSE:AFL) by 6.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 383,549 shares of the financial services provider’s stock after selling 25,334 shares during the quarter. US Bancorp DE’s holdings in AFLAC were worth $19,178,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rowland & Co. Investment Counsel ADV grew its holdings in shares of AFLAC by 0.4% during the first quarter. Rowland & Co. Investment Counsel ADV now owns 48,355 shares of the financial services provider’s stock valued at $2,418,000 after buying an additional 205 shares during the last quarter. CAPROCK Group Inc. grew its holdings in shares of AFLAC by 1.8% during the fourth quarter. CAPROCK Group Inc. now owns 12,755 shares of the financial services provider’s stock valued at $581,000 after buying an additional 227 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of AFLAC by 4.0% during the fourth quarter. Johnson Financial Group Inc. now owns 6,310 shares of the financial services provider’s stock valued at $287,000 after buying an additional 240 shares during the last quarter. Community Financial Services Group LLC grew its holdings in shares of AFLAC by 5.0% during the first quarter. Community Financial Services Group LLC now owns 5,250 shares of the financial services provider’s stock valued at $263,000 after buying an additional 250 shares during the last quarter. Finally, Wealthsource Partners LLC grew its holdings in shares of AFLAC by 5.3% during the fourth quarter. Wealthsource Partners LLC now owns 4,950 shares of the financial services provider’s stock valued at $226,000 after buying an additional 251 shares during the last quarter. 67.83% of the stock is owned by institutional investors.

AFL has been the topic of a number of research analyst reports. SunTrust Banks boosted their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. ValuEngine raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Raymond James boosted their price objective 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. Zacks Investment Research lowered shares of AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, UBS Group dropped their price objective on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.09.

In other AFLAC news, Director Douglas Wayne Johnson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $49.24, for a total value of $147,720.00. Following the completion of the transaction, the director now owns 33,035 shares in the company, valued at $1,626,643.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Teresa L. White sold 57,124 shares of the company’s stock in a transaction dated 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 transaction, the insider now 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. In the last quarter, insiders sold 124,310 shares of company stock valued at $6,254,667. Insiders own 1.30% of the company’s stock.

NYSE AFL traded up $0.37 on Friday, reaching $51.89. 711,632 shares of the company’s stock traded hands, compared to its average volume of 2,992,032. The company has a market capitalization of $38.73 billion, a PE ratio of 12.47, a P/E/G ratio of 3.52 and a beta of 0.78. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two week high of $52.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05.

AFLAC (NYSE:AFL) last posted its earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.46 billion. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Research analysts expect that AFLAC Incorporated will post 4.3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be given 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 yield of 2.08%. AFLAC’s dividend payout ratio is presently 25.96%.

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AFLAC 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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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