AFLAC Incorporated (AFL) Holdings Decreased by OLD National Bancorp IN

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OLD National Bancorp IN reduced its position in AFLAC Incorporated (NYSE:AFL) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,592 shares of the financial services provider’s stock after selling 2,920 shares during the quarter. OLD National Bancorp IN’s holdings in AFLAC were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LSV Asset Management boosted its position in shares of AFLAC by 4.2% in the second quarter. LSV Asset Management now owns 6,323,617 shares of the financial services provider’s stock worth $272,042,000 after purchasing an additional 253,241 shares during the period. Victory Capital Management Inc. boosted its position in shares of AFLAC by 1.3% during the second quarter. Victory Capital Management Inc. now owns 5,324,389 shares of the financial services provider’s stock worth $229,055,000 after acquiring an additional 68,747 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of AFLAC by 9.2% during the second quarter. Schroder Investment Management Group now owns 4,560,019 shares of the financial services provider’s stock worth $197,038,000 after acquiring an additional 385,727 shares during the last quarter. Coho Partners Ltd. boosted its position in shares of AFLAC by 2.8% during the second quarter. Coho Partners Ltd. now owns 3,922,809 shares of the financial services provider’s stock worth $168,759,000 after acquiring an additional 105,168 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of AFLAC by 5.2% during the second quarter. Investec Asset Management LTD now owns 3,637,570 shares of the financial services provider’s stock worth $156,488,000 after acquiring an additional 178,530 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.

In other AFLAC news, Director Douglas Wayne Johnson sold 2,000 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the transaction, the director now owns 29,859 shares in the company, valued at $1,389,040.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 1,500 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total transaction of $69,570.00. Following the transaction, the director now owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

AFL stock opened at $42.28 on Tuesday. AFLAC Incorporated has a 52 week low of $41.41 and a 52 week high of $48.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $32.02 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business earned $0.85 earnings per share. Research analysts anticipate that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 20th. This represents a $1.04 annualized dividend and a yield of 2.46%. AFLAC’s dividend payout ratio (DPR) is currently 30.59%.

A number of equities analysts recently weighed in on AFL shares. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, September 3rd. Morgan Stanley upped their target price on shares of AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Sandler O’Neill upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday, August 1st. Finally, ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.54.

AFLAC Company Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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.

See Also: Buyback For Investors Defined

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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