Gilbert & Cook Inc. increased its stake in shares of AFLAC Incorporated (NYSE:AFL) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,238 shares of the financial services provider’s stock after buying an additional 223 shares during the period. Gilbert & Cook Inc.’s holdings in AFLAC were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in AFLAC by 0.8% during the second quarter. Vanguard Group Inc. now owns 68,140,817 shares of the financial services provider’s stock worth $3,734,798,000 after buying an additional 557,750 shares in the last quarter. BlackRock Inc. boosted its holdings in AFLAC by 1.6% during the second quarter. BlackRock Inc. now owns 53,864,475 shares of the financial services provider’s stock worth $2,952,313,000 after buying an additional 834,790 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in AFLAC by 1.6% during the second quarter. Wells Fargo & Company MN now owns 15,382,748 shares of the financial services provider’s stock worth $843,128,000 after buying an additional 240,111 shares in the last quarter. APG Asset Management N.V. boosted its holdings in AFLAC by 1.6% during the second quarter. APG Asset Management N.V. now owns 9,909,267 shares of the financial services provider’s stock worth $476,929,000 after buying an additional 159,900 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in AFLAC by 1.7% during the second quarter. AQR Capital Management LLC now owns 8,876,888 shares of the financial services provider’s stock worth $486,542,000 after buying an additional 144,836 shares in the last quarter. 64.68% of the stock is currently owned by hedge funds and other institutional investors.
In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the sale, the director now owns 11,349 shares of the company’s stock, valued at $590,148. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karole Lloyd purchased 1,000 shares of AFLAC stock in a transaction on Thursday, November 7th. The stock was acquired at an average cost of $54.08 per share, for a total transaction of $54,080.00. Following the acquisition, the director now directly owns 28,181 shares of the company’s stock, valued at $1,524,028.48. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.
A number of analysts recently commented on the stock. Bank of America set a $55.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a report on Friday, October 25th. Raymond James downgraded shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price objective on the stock. in a report on Monday, July 29th. Morgan Stanley boosted their price objective on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. UBS Group boosted their price objective on shares of AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.73.
Shares of NYSE AFL traded down $0.01 on Friday, hitting $54.14. The company’s stock had a trading volume of 1,826,377 shares, compared to its average volume of 3,200,341. AFLAC Incorporated has a 12-month low of $41.88 and a 12-month high of $57.18. The company has a market capitalization of $38.86 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a 50 day moving average of $52.59 and a 200-day moving average of $52.64.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.09. AFLAC had a net margin of 13.96% and a return on equity of 12.45%. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that AFLAC Incorporated will post 4.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, November 19th. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
Aflac Incorporated, through its subsidiaries, 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: The four types of profit margin
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).
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.