Nissay Asset Management Corp Japan ADV lowered its position in AFLAC Incorporated (NYSE:AFL) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,475 shares of the financial services provider’s stock after selling 7,951 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in AFLAC were worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc increased its holdings in shares of AFLAC by 0.8% in the third quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after buying an additional 505,341 shares in the last quarter. BlackRock Inc. increased its holdings in shares of AFLAC by 3.1% in the fourth quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider’s stock valued at $2,353,074,000 after buying an additional 1,557,905 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $471,555,000 after purchasing an additional 724,613 shares during the period. Victory Capital Management Inc. raised its stake in AFLAC by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock valued at $311,766,000 after purchasing an additional 696,326 shares during the period. Finally, LSV Asset Management raised its stake in AFLAC by 0.4% during the 4th quarter. LSV Asset Management now owns 6,110,739 shares of the financial services provider’s stock valued at $278,405,000 after purchasing an additional 21,722 shares during the period. 68.35% of the stock is currently owned by institutional investors.
AFL has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Thursday, January 17th. ValuEngine upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. SunTrust Banks upped their price target on shares of AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. 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 report on Tuesday, April 30th. Finally, Raymond James upped their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. AFLAC has an average rating of “Hold” and a consensus price target of $49.80.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that AFLAC Incorporated will post 4.3 EPS 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, May 21st. AFLAC’s dividend payout ratio is currently 25.96%.
In other 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 transaction of $147,720.00. Following the completion of the transaction, the director now owns 33,035 shares of the company’s stock, valued at $1,626,643.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Teresa L. White sold 57,124 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the transaction, 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. Insiders have sold 119,248 shares of company stock valued at $5,948,140 in the last ninety days. 1.30% of the stock is owned by company insiders.
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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