Gables Capital Management Inc. raised its position in AFLAC Incorporated (NYSE:AFL) by 276.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490 shares of the financial services provider’s stock after purchasing an additional 360 shares during the quarter. Gables Capital Management Inc.’s holdings in AFLAC were worth $25,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Cordasco Financial Network purchased a new position in shares of AFLAC during the first quarter worth approximately $25,000. Baystate Wealth Management LLC increased its holdings in AFLAC by 203.5% during the first quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after buying an additional 403 shares during the period. Financial Advantage Inc. purchased a new position in AFLAC during the fourth quarter valued at approximately $29,000. Nelson Roberts Investment Advisors LLC purchased a new position in AFLAC during the fourth quarter valued at approximately $33,000. Finally, IMS Capital Management purchased a new position in AFLAC during the third quarter valued at approximately $35,000. 68.40% of the stock is currently owned by institutional investors.
In other news, insider Teresa L. White sold 12,338 shares of AFLAC stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $49.06, for a total transaction of $605,302.28. Following the completion of the sale, the insider now directly owns 56,343 shares in the company, valued at $2,764,187.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Masatoshi Koide sold 29,008 shares of AFLAC stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.75, for a total transaction of $1,443,148.00. Following the sale, the insider now owns 64,512 shares of the company’s stock, valued at $3,209,472. The disclosure for this sale can be found here. Insiders have sold 89,244 shares of company stock valued at $4,363,557 over the last quarter. Insiders own 1.30% of the company’s stock.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts predict that AFLAC Incorporated will post 4.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.08 annualized dividend and a dividend yield of 2.15%. AFLAC’s payout ratio is currently 25.96%.
Several equities analysts recently issued reports on AFL shares. Zacks Investment Research raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Raymond James lifted their price objective on shares of AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a report on Tuesday. SunTrust Banks lifted their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. Finally, UBS Group cut their price objective on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and a consensus target price of $49.80.
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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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