Alliancebernstein L.P. Grows Holdings in Aflac Incorporated (NYSE:AFL)

Alliancebernstein L.P. grew its holdings in Aflac Incorporated (NYSE:AFLGet Rating) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,145,599 shares of the financial services provider’s stock after purchasing an additional 26,749 shares during the period. Alliancebernstein L.P. owned about 0.63% of Aflac worth $242,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JB Capital LLC purchased a new stake in Aflac in the third quarter worth $243,000. AGF Investments America Inc. increased its stake in shares of Aflac by 2.4% during the fourth quarter. AGF Investments America Inc. now owns 67,600 shares of the financial services provider’s stock valued at $3,947,000 after buying an additional 1,609 shares during the period. First Midwest Bank Trust Division increased its stake in shares of Aflac by 10.3% during the fourth quarter. First Midwest Bank Trust Division now owns 29,755 shares of the financial services provider’s stock valued at $1,737,000 after buying an additional 2,787 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Aflac by 14.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 61,126 shares of the financial services provider’s stock valued at $3,570,000 after buying an additional 7,565 shares during the period. Finally, Northcape Wealth Management LLC purchased a new position in shares of Aflac during the fourth quarter valued at $233,000. Institutional investors and hedge funds own 66.45% of the company’s stock.

Shares of NYSE AFL opened at $60.41 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $38.91 billion, a PE ratio of 9.92, a P/E/G ratio of 2.29 and a beta of 0.96. The business has a 50-day simple moving average of $61.39 and a two-hundred day simple moving average of $60.55. Aflac Incorporated has a fifty-two week low of $51.28 and a fifty-two week high of $67.20.

Aflac (NYSE:AFLGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Aflac had a return on equity of 11.96% and a net margin of 18.90%. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the company earned $1.53 earnings per share. On average, sell-side analysts predict that Aflac Incorporated will post 5.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, May 17th. Aflac’s payout ratio is 26.27%.

Several brokerages have recently commented on AFL. Morgan Stanley raised their price target on Aflac from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Citigroup assumed coverage on Aflac in a research note on Monday, May 23rd. They set a “neutral” rating and a $60.00 price target on the stock. Raymond James raised their price objective on Aflac from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, February 7th. Royal Bank of Canada raised their price objective on Aflac from $61.00 to $66.00 in a research report on Friday, February 4th. Finally, Piper Sandler raised their price objective on Aflac from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.33.

In other news, Director Toshihiko Fukuzawa sold 1,300 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $65.50, for a total value of $85,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Albert Riggieri sold 1,687 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $65.05, for a total value of $109,739.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,357 shares of company stock valued at $764,809. Company insiders own 1.10% of the company’s stock.

Aflac Profile (Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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