HPM Partners LLC Increases Position in AFLAC Incorporated (AFL)

HPM Partners LLC increased its position in AFLAC Incorporated (NYSE:AFL) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,353 shares of the financial services provider’s stock after purchasing an additional 1,499 shares during the quarter. HPM Partners LLC’s holdings in AFLAC were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AFL. APG Asset Management N.V. grew its position in shares of AFLAC by 127.8% during the 4th quarter. APG Asset Management N.V. now owns 3,631,510 shares of the financial services provider’s stock worth $265,468,000 after buying an additional 2,037,600 shares during the period. Ameriprise Financial Inc. grew its position in shares of AFLAC by 244.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock worth $117,491,000 after buying an additional 1,024,456 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of AFLAC during the 4th quarter worth about $72,857,000. BlackRock Inc. grew its position in shares of AFLAC by 3.4% during the 4th quarter. BlackRock Inc. now owns 24,797,700 shares of the financial services provider’s stock worth $2,176,743,000 after buying an additional 813,584 shares during the period. Finally, Standard Life Aberdeen plc grew its position in shares of AFLAC by 172.1% during the 4th quarter. Standard Life Aberdeen plc now owns 515,792 shares of the financial services provider’s stock worth $45,299,000 after buying an additional 326,261 shares during the period. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Several research firms have recently issued reports on AFL. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. UBS Group began coverage on AFLAC in a research report on Friday, March 2nd. They set a “neutral” rating and a $98.00 target price for the company. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Wells Fargo & Co set a $84.00 target price on AFLAC and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. AFLAC currently has an average rating of “Hold” and a consensus price target of $84.96.

AFLAC Incorporated (NYSE AFL) opened at $90.75 on Wednesday. AFLAC Incorporated has a 1-year low of $70.64 and a 1-year high of $91.76. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $35,394.91, a PE ratio of 8.24, a PEG ratio of 2.37 and a beta of 0.96.

AFLAC’s stock is going to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be distributed to shareholders after the market closes on Friday, March 16th.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the business posted $1.44 EPS. AFLAC’s revenue for the quarter was down 8.9% on a year-over-year basis. analysts forecast that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s payout ratio is 18.89%.

In other AFLAC news, Director Joseph L. Moskowitz acquired 550 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $89.13 per share, for a total transaction of $49,021.50. Following the acquisition, the director now directly owns 9,263 shares of the company’s stock, valued at approximately $825,611.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Todd Daniels sold 1,430 shares of AFLAC stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.11, for a total value of $124,567.30. Following the transaction, the vice president now owns 12,708 shares in the company, valued at approximately $1,106,993.88. The disclosure for this sale can be found here. Insiders have sold a total of 43,921 shares of company stock worth $3,913,315 in the last quarter. 3.00% of the stock is currently owned by company insiders.

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AFLAC Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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