Penobscot Investment Management Company Inc. Boosts Stake in AFLAC Incorporated (NYSE:AFL)

Penobscot Investment Management Company Inc. lifted its holdings in AFLAC Incorporated (NYSE:AFL) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,789 shares of the financial services provider’s stock after buying an additional 1,750 shares during the period. Penobscot Investment Management Company Inc.’s holdings in AFLAC were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of AFL. Moors & Cabot Inc. increased its position in AFLAC by 1.9% during the second quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 191 shares during the last quarter. Corient Capital Partners LLC increased its position in AFLAC by 2.6% during the second quarter. Corient Capital Partners LLC now owns 7,638 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 192 shares during the last quarter. Exeter Financial LLC increased its position in AFLAC by 0.3% during the second quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock worth $4,073,000 after purchasing an additional 197 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in AFLAC by 1.6% during the second quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 200 shares during the last quarter. Finally, Smith Salley & Associates increased its position in AFLAC by 3.2% during the second quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 213 shares during the last quarter. 64.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AFL traded down $0.11 during trading on Monday, reaching $54.03. 1,385,606 shares of the company traded hands, compared to its average volume of 3,200,341. AFLAC Incorporated has a twelve month low of $41.88 and a twelve month high of $57.18. The stock has a market cap of $38.86 billion, a PE ratio of 12.99, a price-to-earnings-growth 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. 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 announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.09. AFLAC had a net margin of 13.96% and a return on equity of 12.45%. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts predict that AFLAC Incorporated will post 4.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Tuesday, November 19th. AFLAC’s dividend payout ratio is presently 25.96%.

In other AFLAC news, Director Karole Lloyd acquired 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average price of $54.08 per share, with a total value of $54,080.00. Following the completion of the purchase, the director now owns 28,181 shares in the company, valued at approximately $1,524,028.48. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $52.00, for a total transaction of $78,000.00. Following the completion of the transaction, 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. 1.30% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Raymond James cut shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price objective for the company. in a research report on Monday, July 29th. Evercore ISI cut shares of AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price objective for the company. in a research report on Tuesday, July 16th. Bank of America set a $55.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price objective on shares of AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $53.73.

About AFLAC

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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