Ancora Advisors LLC Acquires Shares of 2,600 AFLAC Incorporated (AFL)

Ancora Advisors LLC acquired a new position in AFLAC Incorporated (NYSE:AFL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,600 shares of the financial services provider’s stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AFLAC by 28.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,983 shares of the financial services provider’s stock worth $5,130,000 after buying an additional 24,092 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of AFLAC by 12.9% in the third quarter. United Services Automobile Association now owns 390,468 shares of the financial services provider’s stock worth $18,379,000 after buying an additional 44,469 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of AFLAC by 32.4% in the third quarter. Compagnie Lombard Odier SCmA now owns 7,309 shares of the financial services provider’s stock worth $343,000 after buying an additional 1,787 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of AFLAC by 3.0% in the third quarter. Baird Financial Group Inc. now owns 245,677 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 7,077 shares during the last quarter. Finally, Homrich & Berg boosted its holdings in shares of AFLAC by 21.8% in the third quarter. Homrich & Berg now owns 7,687 shares of the financial services provider’s stock worth $362,000 after buying an additional 1,375 shares during the last quarter. 66.77% of the stock is currently owned by institutional investors.

A number of research firms have commented on AFL. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley decreased their target price on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 13th. ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group decreased their target price on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.38.

NYSE AFL opened at $43.25 on Friday. AFLAC Incorporated has a 12 month low of $41.41 and a 12 month high of $48.19. The company has a market cap of $33.72 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.28 and a beta of 0.96. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23.

AFLAC (NYSE:AFL) last released its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.57 billion. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. During the same quarter last year, the business earned $0.85 EPS. As a group, analysts expect that AFLAC Incorporated will post 4.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, November 20th. AFLAC’s payout ratio is currently 30.59%.

In other news, Director Joseph L. Moskowitz sold 1,500 shares of AFLAC stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the sale, the director now owns 17,779 shares in the company, valued at $824,590.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas Wayne Johnson sold 2,000 shares of AFLAC stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the sale, the director now owns 29,859 shares in the company, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.thelincolnianonline.com/2018/12/08/ancora-advisors-llc-acquires-shares-of-2600-aflac-incorporated-afl.html.

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.

Further Reading: Should you buy a closed-end mutual fund?

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AFLAC Incorporated (NYSE:AFL).

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply