Gamble Jones Investment Counsel decreased its stake in AFLAC Incorporated (NYSE:AFL) by 20.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,207 shares of the financial services provider’s stock after selling 2,674 shares during the quarter. Gamble Jones Investment Counsel’s holdings in AFLAC were worth $534,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC purchased a new position in AFLAC during the second quarter worth approximately $25,000. Lenox Wealth Advisors LLC purchased a new position in AFLAC during the third quarter worth approximately $25,000. Pearl River Capital LLC purchased a new position in AFLAC during the second quarter worth approximately $27,000. KCS Wealth Advisory purchased a new position in AFLAC during the third quarter worth approximately $27,000. Finally, Virtus ETF Advisers LLC purchased a new position in AFLAC during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.
In related news, Director Karole Lloyd purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $54.08 per share, with a total value of $54,080.00. Following the completion of the acquisition, the director now owns 28,181 shares in the company, valued at $1,524,028.48. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the completion of the sale, the director now directly owns 11,349 shares of the company’s stock, valued at approximately $590,148. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Shares of NYSE AFL traded down $0.01 during midday trading on Friday, hitting $54.14. The stock had a trading volume of 1,826,377 shares, compared to its average volume of 3,200,341. The company has a market capitalization of $38.86 billion, a PE ratio of 13.01, a P/E/G ratio of 3.16 and a beta of 0.71. The stock has a 50 day simple moving average of $52.59 and a 200-day simple moving average of $52.64. AFLAC Incorporated has a 1 year low of $41.88 and a 1 year high of $57.18. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.21.
AFLAC (NYSE:AFL) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.09. The business had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.52 billion. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. As a group, analysts expect that AFLAC Incorporated will post 4.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a $0.27 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.99%. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
A number of equities analysts have issued reports on AFL shares. Raymond James downgraded AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a research report on Monday, July 29th. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target on the stock. in a research report on Tuesday, July 16th. Barclays lowered their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. ValuEngine downgraded AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, UBS Group increased their price target on AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.73.
AFLAC Company Profile
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.
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