Wesbanco Bank Inc. grew its position in AFLAC Incorporated (NYSE:AFL) by 98.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,100 shares of the financial services provider’s stock after purchasing an additional 4,508 shares during the quarter. Wesbanco Bank Inc.’s holdings in AFLAC were worth $399,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in AFLAC by 5.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 59,350 shares of the financial services provider’s stock valued at $5,210,000 after acquiring an additional 2,890 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of AFLAC during the 4th quarter worth approximately $1,080,000. Standard Life Aberdeen plc boosted 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 purchasing an additional 326,261 shares during the period. Commerce Bank boosted its position in shares of AFLAC by 0.4% during the 4th quarter. Commerce Bank now owns 317,814 shares of the financial services provider’s stock worth $27,897,000 after purchasing an additional 1,335 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of AFLAC by 2.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 58,678 shares of the financial services provider’s stock worth $5,151,000 after purchasing an additional 1,505 shares during the period. 67.22% of the stock is currently owned by institutional investors and hedge funds.
AFL traded down $0.19 during trading on Friday, hitting $43.02. The company had a trading volume of 4,264,087 shares, compared to its average volume of 2,895,437. The stock has a market capitalization of $33.45 billion, a PE ratio of 12.65, a P/E/G ratio of 1.35 and a beta of 0.93. AFLAC Incorporated has a 1-year low of $38.31 and a 1-year high of $46.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.08. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a net margin of 20.61% and a return on equity of 12.39%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 earnings per share. equities research analysts forecast that AFLAC Incorporated will post 3.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Wednesday, May 23rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 22nd. This represents a $1.04 annualized dividend and a dividend yield of 2.42%. AFLAC’s dividend payout ratio (DPR) is 30.59%.
A number of research firms have issued reports on AFL. JPMorgan Chase & Co. reduced their target price on shares of AFLAC to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, March 27th. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, April 3rd. Wells Fargo & Co set a $48.00 price objective on shares of AFLAC and gave the company a “hold” rating in a report on Wednesday, April 25th. Barclays cut their price target on shares of AFLAC to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 21st. Finally, Credit Suisse Group initiated coverage on shares of AFLAC in a research note on Wednesday, April 25th. They set a “neutral” rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $46.46.
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.
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