AFLAC Incorporated (AFL) Holdings Increased by Csenge Advisory Group
Csenge Advisory Group raised its holdings in AFLAC Incorporated (NYSE:AFL) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,990 shares of the financial services provider’s stock after acquiring an additional 3,560 shares during the period. Csenge Advisory Group’s holdings in AFLAC were worth $865,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in AFL. Piedmont Investment Advisors Inc. raised its holdings in shares of AFLAC by 2.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 219,067 shares of the financial services provider’s stock valued at $9,981,000 after buying an additional 5,009 shares in the last quarter. Acima Private Wealth LLC purchased a new position in shares of AFLAC during the 4th quarter valued at about $166,000. Corient Capital Partners LLC raised its holdings in shares of AFLAC by 57.0% during the 4th quarter. Corient Capital Partners LLC now owns 8,134 shares of the financial services provider’s stock valued at $371,000 after buying an additional 2,954 shares in the last quarter. RHS Financial LLC purchased a new position in shares of AFLAC during the 4th quarter valued at about $599,000. Finally, HL Financial Services LLC raised its holdings in shares of AFLAC by 2.1% during the 4th quarter. HL Financial Services LLC now owns 50,706 shares of the financial services provider’s stock valued at $2,310,000 after buying an additional 1,039 shares in the last quarter. 67.14% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on AFL. ValuEngine raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. SunTrust Banks raised their price objective on AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, January 17th. JPMorgan Chase & Co. cut AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Wednesday, January 2nd. Finally, Morgan Stanley decreased their price objective on AFLAC from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 13th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. AFLAC currently has an average rating of “Hold” and an average price target of $48.42.
AFL opened at $49.28 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $49.38. The company has a market cap of $37.52 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.39 and a beta of 0.78.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.08. AFLAC had a return on equity of 13.62% and a net margin of 13.42%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.47 billion. Research analysts forecast that AFLAC Incorporated will post 4.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 20th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.19%. This is a positive change from AFLAC’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, February 19th. AFLAC’s dividend payout ratio (DPR) is presently 25.00%.
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.
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