Private Trust Co. NA acquired a new position in shares of Aflac Incorporated (NYSE:AFL – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,598 shares of the financial services provider’s stock, valued at approximately $360,000.
Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in Aflac by 1.1% in the 4th quarter. State Street Corp now owns 33,531,471 shares of the financial services provider’s stock worth $1,957,903,000 after buying an additional 379,178 shares in the last quarter. Geode Capital Management LLC increased its stake in Aflac by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 12,177,065 shares of the financial services provider’s stock valued at $709,307,000 after acquiring an additional 217,701 shares during the last quarter. LSV Asset Management raised its position in Aflac by 0.4% during the fourth quarter. LSV Asset Management now owns 6,537,089 shares of the financial services provider’s stock valued at $381,701,000 after purchasing an additional 28,200 shares in the last quarter. Norges Bank bought a new stake in Aflac during the fourth quarter worth about $271,422,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Aflac by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 4,145,599 shares of the financial services provider’s stock worth $242,062,000 after purchasing an additional 26,749 shares in the last quarter. Institutional investors own 66.45% of the company’s stock.
AFL has been the subject of several research reports. StockNews.com started coverage on Aflac in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup initiated coverage on shares of Aflac in a research note on Monday, May 23rd. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Piper Sandler lifted their target price on shares of Aflac from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.30.
Aflac (NYSE:AFL – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Aflac had a return on equity of 11.96% and a net margin of 18.90%. The company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the business earned $1.53 EPS. Equities analysts predict that Aflac Incorporated will post 5.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Wednesday, May 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.98%. Aflac’s dividend payout ratio is presently 26.27%.
In other Aflac news, SVP Albert Riggieri sold 1,687 shares of Aflac stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $65.05, for a total transaction of $109,739.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Karole Lloyd bought 1,000 shares of the firm’s stock in a transaction dated Thursday, April 28th. The stock was purchased at an average cost of $59.36 per share, with a total value of $59,360.00. Following the transaction, the director now directly owns 38,588 shares in the company, valued at approximately $2,290,583.68. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
Aflac Profile (Get Rating)
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.
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