American National Bank raised its stake in AFLAC Incorporated (NYSE:AFL) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,201 shares of the financial services provider’s stock after acquiring an additional 4,021 shares during the quarter. AFLAC makes up 2.0% of American National Bank’s holdings, making the stock its 14th biggest position. American National Bank’s holdings in AFLAC were worth $6,460,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AFL. Norges Bank bought a new stake in shares of AFLAC in the fourth quarter valued at approximately $260,062,000. Oregon Public Employees Retirement Fund raised its position in shares of AFLAC by 2,138.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,815,741 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,645,273 shares during the period. Boston Partners raised its position in shares of AFLAC by 51.4% in the fourth quarter. Boston Partners now owns 4,914,986 shares of the financial services provider’s stock valued at $223,926,000 after purchasing an additional 1,668,025 shares during the period. BlackRock Inc. raised its position in shares of AFLAC by 3.1% in the fourth quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider’s stock valued at $2,353,074,000 after purchasing an additional 1,557,905 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of AFLAC by 37.2% in the fourth quarter. California Public Employees Retirement System now owns 4,408,196 shares of the financial services provider’s stock valued at $200,837,000 after purchasing an additional 1,196,113 shares during the period. Hedge funds and other institutional investors own 68.46% of the company’s stock.
Shares of NYSE:AFL opened at $49.51 on Monday. The firm has a market capitalization of $37.08 billion, a PE ratio of 11.90, a P/E/G ratio of 3.41 and a beta of 0.79. AFLAC Incorporated has a one year low of $41.45 and a one year high of $50.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.06 and a current ratio of 0.06.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Research analysts expect that AFLAC Incorporated will post 4.22 EPS for the current fiscal year.
In other AFLAC news, Director Douglas Wayne Johnson sold 3,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $49.24, for a total transaction of $147,720.00. Following the completion of the sale, the director now owns 33,035 shares of the company’s stock, valued at approximately $1,626,643.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Audrey B. Tillman sold 2,100 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $48.71, for a total transaction of $102,291.00. Following the sale, the insider now directly owns 105,017 shares of the company’s stock, valued at approximately $5,115,378.07. The disclosure for this sale can be found here. Insiders have sold a total of 89,244 shares of company stock valued at $4,363,557 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on AFL. ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. SunTrust Banks upped their target price on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lowered shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. AFLAC currently has an average rating of “Hold” and an average target price of $48.67.
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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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