Axa trimmed its stake in shares of AFLAC Incorporated (NYSE:AFL) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,748 shares of the financial services provider’s stock after selling 3,241 shares during the quarter. Axa’s holdings in AFLAC were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. raised its position in shares of AFLAC by 41.5% during the 4th quarter. Alliancebernstein L.P. now owns 988,277 shares of the financial services provider’s stock worth $86,751,000 after purchasing an additional 289,974 shares during the period. Lombard Odier Asset Management Switzerland SA raised its position in shares of AFLAC by 861.7% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 41,380 shares of the financial services provider’s stock worth $3,632,000 after purchasing an additional 37,077 shares during the period. Pittenger & Anderson Inc. increased its position in AFLAC by 10.5% in the 4th quarter. Pittenger & Anderson Inc. now owns 24,485 shares of the financial services provider’s stock valued at $2,149,000 after acquiring an additional 2,335 shares during the period. Haverford Trust Co. increased its position in AFLAC by 7.6% in the 4th quarter. Haverford Trust Co. now owns 11,923 shares of the financial services provider’s stock valued at $1,047,000 after acquiring an additional 846 shares during the period. Finally, Geode Capital Management LLC increased its position in AFLAC by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 4,242,709 shares of the financial services provider’s stock valued at $371,660,000 after acquiring an additional 134,622 shares during the period. Institutional investors and hedge funds own 68.72% of the company’s stock.
AFL stock opened at $45.43 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $35,262.41, a price-to-earnings ratio of 4.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. AFLAC Incorporated has a one year low of $35.32 and a one year high of $45.88.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, February 20th. AFLAC’s payout ratio is currently 18.89%.
Several analysts recently commented on AFL shares. Wells Fargo set a $42.00 target price on AFLAC and gave the company a “hold” rating in a research report on Friday, December 1st. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Finally, Citigroup upgraded AFLAC to a “strong-buy” rating and raised their target price for the company from $44.00 to $50.00 in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. AFLAC currently has a consensus rating of “Hold” and a consensus target price of $42.48.
In other AFLAC news, VP James Todd Daniels sold 1,430 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the completion of the transaction, the vice president now directly owns 12,708 shares of the company’s stock, valued at approximately $1,106,993.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider June P. Howard sold 2,648 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.33, for a total value of $239,193.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,921 shares of company stock valued at $3,913,315. 3.00% of the stock is currently owned by corporate insiders.
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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.
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