Palladium Partners LLC Sells 2,470 Shares of AFLAC Incorporated (AFL)

Palladium Partners LLC cut its stake in AFLAC Incorporated (NYSE:AFL) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,650 shares of the financial services provider’s stock after selling 2,470 shares during the quarter. Palladium Partners LLC’s holdings in AFLAC were worth $2,855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFL. Millennium Management LLC grew its position in shares of AFLAC by 155.5% in the first quarter. Millennium Management LLC now owns 82,644 shares of the financial services provider’s stock valued at $3,617,000 after purchasing an additional 50,299 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of AFLAC by 67.2% in the first quarter. WINTON GROUP Ltd now owns 17,181 shares of the financial services provider’s stock valued at $752,000 after purchasing an additional 6,904 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of AFLAC by 85.4% in the first quarter. Principal Financial Group Inc. now owns 1,315,406 shares of the financial services provider’s stock valued at $57,562,000 after purchasing an additional 605,896 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of AFLAC by 245.9% in the first quarter. Summit Trail Advisors LLC now owns 5,081 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 3,612 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of AFLAC by 76.1% in the first quarter. Brown Advisory Inc. now owns 227,834 shares of the financial services provider’s stock valued at $9,969,000 after purchasing an additional 98,483 shares in the last quarter. Institutional investors own 67.16% of the company’s stock.

In other news, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the completion of the transaction, the director now directly owns 17,779 shares in the company, valued at approximately $824,590.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $46.52, for a total value 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.



AFLAC stock traded up $0.50 during midday trading on Tuesday, hitting $42.78. 19,071 shares of the company’s stock were exchanged, compared to its average volume of 3,598,231. AFLAC Incorporated has a 52-week low of $41.41 and a 52-week high of $48.19. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $32.02 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.21 and a beta of 0.92.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, November 20th. AFLAC’s payout ratio is currently 30.59%.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Morgan Stanley boosted their target price on AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 27th. Credit Suisse Group reduced their target price on AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Finally, B. Riley boosted their target price on AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. AFLAC has an average rating of “Hold” and a consensus target price of $48.54.

About AFLAC

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.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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