AFLAC Incorporated (AFL) Holdings Trimmed by Bank of The West

Bank of The West lowered its position in AFLAC Incorporated (NYSE:AFL) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,341 shares of the financial services provider’s stock after selling 974 shares during the quarter. Bank of The West’s holdings in AFLAC were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AFL. SeaCrest Wealth Management LLC acquired a new stake in shares of AFLAC in the 4th quarter valued at $101,000. Omnia Family Wealth LLC boosted its position in shares of AFLAC by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of AFLAC by 4,338.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of AFLAC by 921.5% in the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of AFLAC in the 4th quarter worth $145,000. Institutional investors own 66.36% of the company’s stock.

Several research analysts have weighed in on the company. B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Citigroup raised AFLAC to a “strong-buy” rating and lifted their target price for the company from $88.00 to $100.00 in a research report on Monday, January 22nd. Finally, Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $88.00 to $100.00 in a research report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and a consensus target price of $83.88.

In related news, President Kriss Cloninger III sold 6,057 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $87.73, for a total value of $531,380.61. Following the completion of the sale, the president now directly owns 241,099 shares in the company, valued at $21,151,615.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Audrey B. Tillman sold 2,360 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.64, for a total value of $206,830.40. Following the completion of the sale, the insider now owns 39,331 shares of the company’s stock, valued at $3,446,968.84. The disclosure for this sale can be found here. Insiders have sold 22,347 shares of company stock valued at $1,962,778 over the last quarter. Company insiders own 3.00% of the company’s stock.

Shares of AFLAC Incorporated (AFL) opened at $87.65 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $33,606.46, a P/E ratio of 7.96, a PEG ratio of 2.24 and a beta of 1.01. AFLAC Incorporated has a 1-year low of $70.34 and a 1-year high of $91.73.

AFLAC shares are scheduled to split before the market opens on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly minted shares will be payable to shareholders after the market closes on Friday, March 16th.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. equities research analysts expect that AFLAC Incorporated will post 7.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 2.37%. AFLAC’s dividend payout ratio is presently 16.35%.

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AFLAC Company Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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