Lakeview Capital Partners LLC reduced its stake in AFLAC Incorporated (NYSE:AFL) by 9.4% 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 5,942 shares of the financial services provider’s stock after selling 620 shares during the period. Lakeview Capital Partners LLC’s holdings in AFLAC were worth $311,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in AFLAC in the second quarter worth approximately $25,000. Lenox Wealth Advisors LLC bought a new position in AFLAC in the third quarter valued at about $25,000. Pearl River Capital LLC bought a new position in shares of AFLAC in the second quarter worth about $27,000. KCS Wealth Advisory bought a new stake in AFLAC during the 3rd quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. bought a new stake in AFLAC during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 64.68% of the company’s stock.
AFL stock traded down $0.01 on Friday, hitting $54.14. 1,826,377 shares of the company’s stock were exchanged, 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 firm has a 50 day moving average price of $52.59 and a two-hundred day moving average price of $52.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $38.86 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.09. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts expect that AFLAC Incorporated will post 4.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.08 annualized dividend and a yield of 1.99%. AFLAC’s dividend payout ratio (DPR) is 25.96%.
Several brokerages recently issued reports on AFL. Barclays decreased their target price on AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Raymond James downgraded AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price on the stock. in a research note on Monday, July 29th. Bank of America set a $55.00 target price on AFLAC and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI downgraded AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a research note on Tuesday, July 16th. Finally, ValuEngine downgraded AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. AFLAC has an average rating of “Hold” and a consensus price target of $53.73.
In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $52.00, for a total transaction of $78,000.00. Following the sale, the director now owns 11,349 shares in the company, valued at approximately $590,148. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karole Lloyd purchased 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $54.08 per share, for a total transaction of $54,080.00. Following the purchase, the director now owns 28,181 shares in the company, valued at approximately $1,524,028.48. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.
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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