Public Employees Retirement Association of Colorado boosted its position in Aflac (NYSE:AFL) by 84.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,294 shares of the financial services provider’s stock after purchasing an additional 62,894 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Aflac were worth $6,008,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marco Investment Management LLC increased its position in Aflac by 102.1% during the first quarter. Marco Investment Management LLC now owns 135,448 shares of the financial services provider’s stock worth $5,927,000 after buying an additional 68,424 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Aflac by 99.5% during the first quarter. Oppenheimer & Co. Inc. now owns 1,228,644 shares of the financial services provider’s stock worth $53,766,000 after buying an additional 612,819 shares in the last quarter. Joel Isaacson & Co. LLC increased its position in Aflac by 100.0% during the first quarter. Joel Isaacson & Co. LLC now owns 11,680 shares of the financial services provider’s stock worth $511,000 after buying an additional 5,840 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in Aflac by 100.6% during the first quarter. Berkshire Asset Management LLC PA now owns 15,174 shares of the financial services provider’s stock worth $664,000 after buying an additional 7,608 shares in the last quarter. Finally, Dowling & Yahnke LLC increased its position in Aflac by 106.9% during the first quarter. Dowling & Yahnke LLC now owns 49,995 shares of the financial services provider’s stock worth $2,188,000 after buying an additional 25,830 shares in the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Charles B. Knapp sold 10,000 shares of Aflac stock in a transaction on Monday, March 26th. The stock was sold at an average price of $43.72, for a total value of $437,200.00. Following the transaction, the director now owns 76,582 shares in the company, valued at $3,348,165.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider June P. Howard sold 2,648 shares of Aflac stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.33, for a total value of $239,193.84. The disclosure for this sale can be found here. Insiders sold 37,631 shares of company stock worth $2,919,118 in the last quarter. 1.70% of the stock is owned by insiders.
Several research firms have weighed in on AFL. Zacks Investment Research raised Aflac from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine raised Aflac from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Janney Montgomery Scott reissued a “buy” rating on shares of Aflac in a research report on Tuesday, January 16th. JPMorgan Chase set a $47.00 price target on Aflac and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, Barclays dropped their price target on Aflac to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.25.
AFL stock opened at $44.59 on Tuesday. Aflac has a 52-week low of $36.40 and a 52-week high of $46.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $34.92 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.
Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Aflac had a return on equity of 12.39% and a net margin of 20.61%. The business had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. equities research analysts predict that Aflac will post 3.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Wednesday, May 23rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, May 22nd. Aflac’s dividend payout ratio (DPR) is 30.59%.
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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