JGP Wealth Management LLC Increases Position in AFLAC Incorporated (NYSE:AFL)

JGP Wealth Management LLC lifted its holdings in AFLAC Incorporated (NYSE:AFL) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,240 shares of the financial services provider’s stock after buying an additional 1,486 shares during the period. JGP Wealth Management LLC’s holdings in AFLAC were worth $3,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in shares of AFLAC in the 2nd quarter worth approximately $25,000. Lenox Wealth Advisors LLC purchased a new position in shares of AFLAC in the 3rd quarter worth approximately $25,000. Pearl River Capital LLC purchased a new position in shares of AFLAC in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. purchased a new position in shares of AFLAC in the 3rd quarter worth approximately $31,000. Finally, Virtus ETF Advisers LLC purchased a new position in shares of AFLAC in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.27% of the company’s stock.

In related news, Director Toshihiko Fukuzawa sold 1,500 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 11,349 shares in the company, valued at $590,148. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Todd Daniels sold 5,552 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $52.98, for a total transaction of $294,144.96. Following the completion of the transaction, the insider now owns 20,101 shares of the company’s stock, valued at $1,064,950.98. The disclosure for this sale can be found here. Insiders have sold a total of 11,052 shares of company stock worth $581,545 in the last three months. Insiders own 1.30% of the company’s stock.

AFL has been the topic of a number of research analyst reports. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a research note on Tuesday, July 16th. ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Bank of America set a $54.00 price target on shares of AFLAC and gave the stock a “hold” rating in a report on Friday, September 27th. Raymond James cut shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a report on Monday, July 29th. Finally, Barclays lowered their price target on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.62.

Shares of NYSE:AFL traded up $0.47 during mid-day trading on Friday, reaching $53.03. The company had a trading volume of 436,577 shares, compared to its average volume of 3,148,129. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $38.85 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 3.98 and a beta of 0.71. The company’s 50-day moving average price is $52.04 and its 200-day moving average price is $52.32. AFLAC Incorporated has a one year low of $41.45 and a one year high of $57.18.

AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.09. AFLAC had a net margin of 14.24% and a return on equity of 12.94%. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. AFLAC’s revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that AFLAC Incorporated will post 4.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. AFLAC’s payout ratio is 25.96%.

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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