One Capital Management LLC decreased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,660 shares of the financial services provider’s stock after selling 2,022 shares during the period. One Capital Management LLC’s holdings in AFLAC were worth $2,739,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in AFLAC by 105.9% during the first quarter. BlackRock Inc. now owns 51,061,717 shares of the financial services provider’s stock valued at $2,234,459,000 after purchasing an additional 26,264,017 shares during the last quarter. Northern Trust Corp grew its position in shares of AFLAC by 96.3% during the first quarter. Northern Trust Corp now owns 10,631,066 shares of the financial services provider’s stock worth $465,215,000 after acquiring an additional 5,215,905 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of AFLAC by 98.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,240,111 shares of the financial services provider’s stock worth $273,050,000 after acquiring an additional 3,103,311 shares during the last quarter. LSV Asset Management grew its position in shares of AFLAC by 111.3% during the first quarter. LSV Asset Management now owns 6,070,376 shares of the financial services provider’s stock worth $265,639,000 after acquiring an additional 3,196,878 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of AFLAC by 100.2% during the first quarter. Franklin Resources Inc. now owns 5,887,880 shares of the financial services provider’s stock worth $257,653,000 after acquiring an additional 2,947,089 shares during the last quarter. Hedge funds and other institutional investors own 67.81% of the company’s stock.
Several equities analysts have recently commented on the stock. B. Riley upped their price target on shares of AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, August 7th. Sandler O’Neill upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price target on shares of AFLAC in a research report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. set a $47.00 price target on shares of AFLAC and gave the stock a “buy” rating in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Shares of AFLAC opened at $46.48 on Friday, according to MarketBeat. The stock has a market capitalization of $35.90 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.36 and a beta of 0.98. 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 Incorporated has a 52-week low of $39.58 and a 52-week high of $47.08.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. AFLAC’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. equities research analysts expect that AFLAC Incorporated will post 4.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Wednesday, August 22nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.24%. AFLAC’s dividend payout ratio is presently 30.59%.
In related news, insider Eric M. Kirsch sold 66,447 shares of the stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the transaction, the insider now owns 128,796 shares in the company, valued at approximately $5,578,154.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.
AFLAC Company Profile
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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