Trillium Asset Management LLC cut its position in AFLAC Incorporated (NYSE:AFL) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,191 shares of the financial services provider’s stock after selling 2,461 shares during the quarter. Trillium Asset Management LLC’s holdings in AFLAC were worth $19,610,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in AFL. CIBC Asset Management Inc lifted its position in shares of AFLAC by 0.8% in the 1st quarter. CIBC Asset Management Inc now owns 75,449 shares of the financial services provider’s stock worth $3,772,000 after buying an additional 617 shares during the last quarter. SlateStone Wealth LLC bought a new position in shares of AFLAC in the 1st quarter worth about $270,000. Toronto Dominion Bank lifted its position in shares of AFLAC by 30.2% in the 1st quarter. Toronto Dominion Bank now owns 551,909 shares of the financial services provider’s stock worth $27,589,000 after buying an additional 128,115 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of AFLAC by 45.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 16,664 shares of the financial services provider’s stock worth $838,000 after buying an additional 5,239 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of AFLAC by 2.1% in the 1st quarter. Stephens Inc. AR now owns 145,147 shares of the financial services provider’s stock worth $7,257,000 after buying an additional 3,046 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.
A number of research firms have recently issued reports on AFL. Raymond James raised their price target on shares of AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 30th. UBS Group reduced their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, April 30th. ValuEngine downgraded shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, SunTrust Banks raised their price target on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a research report on Monday, February 4th. 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 given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.80.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the company earned $1.05 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be issued a $0.27 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.11%. AFLAC’s dividend payout ratio (DPR) is presently 25.96%.
In other AFLAC news, insider Masatoshi Koide sold 29,008 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total transaction of $1,443,148.00. Following the transaction, the insider now owns 64,512 shares of the company’s stock, valued at approximately $3,209,472. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Teresa L. White sold 57,124 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the transaction, the insider now directly owns 76,378 shares in the company, valued at approximately $3,848,687.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,910 shares of company stock worth $5,342,838. Corporate insiders own 1.30% of the company’s stock.
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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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