AFLAC Incorporated (AFL) Shares Bought by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. increased its stake in shares of AFLAC Incorporated (NYSE:AFL) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345,677 shares of the financial services provider’s stock after acquiring an additional 2,617 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of AFLAC worth $28,135,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AJO LP raised its holdings in AFLAC by 157.8% during the second quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock worth $270,587,000 after buying an additional 2,132,414 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in AFLAC by 1,351.2% during the second quarter. Balyasny Asset Management LLC now owns 1,311,615 shares of the financial services provider’s stock worth $101,886,000 after buying an additional 1,221,231 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in AFLAC by 392.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock worth $106,100,000 after buying an additional 1,038,628 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in AFLAC by 244.3% during the third quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock worth $117,491,000 after buying an additional 1,024,456 shares during the last quarter. Finally, Coho Partners Ltd. raised its holdings in AFLAC by 85.3% during the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock worth $169,881,000 after buying an additional 1,006,477 shares during the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.
AFL has been the topic of several research reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, September 5th. Wells Fargo & Company set a $84.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a report on Friday, December 1st. Royal Bank Of Canada restated a “sell” rating and set a $71.00 price objective on shares of AFLAC in a report on Tuesday, October 10th. Citigroup downgraded shares of AFLAC from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Finally, Bank of America downgraded shares of AFLAC from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $79.79.
Shares of AFLAC Incorporated (NYSE:AFL) opened at $88.16 on Friday. The company has a market cap of $34,660.11, a PE ratio of 13.08, a PEG ratio of 2.61 and a beta of 1.02. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. AFLAC Incorporated has a 1-year low of $66.50 and a 1-year high of $88.74.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. sell-side analysts expect that AFLAC Incorporated will post 6.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.45 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. This is an increase from AFLAC’s previous quarterly dividend of $0.43. AFLAC’s dividend payout ratio is currently 26.09%.
In other news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total value of $125,370.00. Following the completion of the sale, the director now owns 13,733 shares in the company, valued at $1,147,804.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the transaction, the president now owns 298,646 shares of the company’s stock, valued at approximately $25,035,494.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,766 shares of company stock valued at $2,936,060. 3.00% of the stock is currently owned by corporate insiders.
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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