Peninsula Asset Management Inc. trimmed its position in AFLAC Incorporated (NYSE:AFL) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,325 shares of the financial services provider’s stock after selling 815 shares during the period. AFLAC makes up about 2.6% of Peninsula Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Peninsula Asset Management Inc.’s holdings in AFLAC were worth $3,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Advantage Inc. acquired a new stake in shares of AFLAC during the 4th quarter valued at $29,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of AFLAC during the 4th quarter valued at $33,000. IMS Capital Management acquired a new stake in shares of AFLAC during the 3rd quarter valued at $35,000. Vigilant Capital Management LLC acquired a new stake in shares of AFLAC during the 4th quarter valued at $39,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of AFLAC during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 68.28% of the company’s stock.

Shares of AFL traded up $0.17 during mid-day trading on Tuesday, reaching $49.69. The company’s stock had a trading volume of 37,105 shares, compared to its average volume of 2,995,425. The firm has a market capitalization of $37.16 billion, a P/E ratio of 11.94, a PEG ratio of 3.42 and a beta of 0.79. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $50.66. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.25.

AFLAC (NYSE:AFL) last released its earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.47 billion. AFLAC had a return on equity of 13.62% and a net margin of 13.42%. On average, analysts expect that AFLAC Incorporated will post 4.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This is an increase from AFLAC’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.17%. AFLAC’s dividend payout ratio is 25.96%.

AFL has been the subject of a number of recent research reports. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, December 11th. ValuEngine upgraded AFLAC from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. lowered AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Wednesday, January 2nd. Finally, SunTrust Banks increased their target price on AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. AFLAC presently has an average rating of “Hold” and a consensus target price of $48.70.

In other news, insider Masatoshi Koide sold 27,120 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $47.71, for a total value of $1,293,895.20. Following the transaction, the insider now directly owns 52,858 shares of the company’s stock, valued at $2,521,855.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Wayne Johnson sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $49.24, for a total transaction of $147,720.00. Following the completion of the transaction, the director now directly owns 33,035 shares in the company, valued at $1,626,643.40. The disclosure for this sale can be found here. Insiders sold 60,236 shares of company stock worth $2,920,409 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

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AFLAC Company Profile

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.

See Also: Back-End Load

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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