AFLAC Incorporated (AFL) Shares Bought by BB&T Investment Services Inc.
BB&T Investment Services Inc. lifted its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,582 shares of the financial services provider’s stock after acquiring an additional 1,324 shares during the period. BB&T Investment Services Inc.’s holdings in AFLAC were worth $1,904,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of AFL. APG Asset Management N.V. increased its holdings in AFLAC by 127.8% in the 4th quarter. APG Asset Management N.V. now owns 3,631,510 shares of the financial services provider’s stock worth $265,468,000 after purchasing an additional 2,037,600 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in AFLAC by 244.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock worth $117,491,000 after purchasing an additional 1,024,456 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in AFLAC in the 4th quarter worth about $72,857,000. BlackRock Inc. increased its holdings in AFLAC by 3.4% in the 4th quarter. BlackRock Inc. now owns 24,797,700 shares of the financial services provider’s stock worth $2,176,743,000 after purchasing an additional 813,584 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its holdings in AFLAC by 172.1% in the 4th quarter. Standard Life Aberdeen plc now owns 515,792 shares of the financial services provider’s stock worth $45,299,000 after purchasing an additional 326,261 shares in the last quarter. 68.80% of the stock is owned by institutional investors.
In related news, VP James Todd Daniels sold 1,430 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the sale, the vice president now owns 12,708 shares in the company, valued at approximately $1,106,993.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Audrey B. Tillman sold 2,360 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.64, for a total value of $206,830.40. Following the sale, the insider now owns 39,331 shares in the company, valued at approximately $3,446,968.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,921 shares of company stock worth $3,913,315. 3.00% of the stock is owned by corporate insiders.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was down 8.9% on a year-over-year basis. equities research analysts expect that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. AFLAC’s payout ratio is 18.89%.
AFL has been the subject of a number of recent research reports. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo set a $42.00 price target on AFLAC and gave the company a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. UBS assumed coverage on AFLAC in a research report on Friday, March 2nd. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.48.
AFLAC Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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