AFLAC Incorporated (AFL) Shares Sold by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. trimmed its position in AFLAC Incorporated (NYSE:AFL) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,074 shares of the financial services provider’s stock after selling 218 shares during the period. Wetherby Asset Management Inc.’s holdings in AFLAC were worth $1,104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its holdings in AFLAC by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after buying an additional 505,341 shares in the last quarter. Strs Ohio grew its holdings in AFLAC by 0.8% in the 4th quarter. Strs Ohio now owns 414,801 shares of the financial services provider’s stock valued at $18,898,000 after buying an additional 3,352 shares in the last quarter. Calamos Advisors LLC grew its holdings in AFLAC by 17.6% in the 4th quarter. Calamos Advisors LLC now owns 115,427 shares of the financial services provider’s stock valued at $5,259,000 after buying an additional 17,271 shares in the last quarter. We Are One Seven LLC purchased a new stake in AFLAC in the 4th quarter valued at $152,000. Finally, CWM LLC grew its holdings in AFLAC by 20.3% in the 4th quarter. CWM LLC now owns 4,094 shares of the financial services provider’s stock valued at $187,000 after buying an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 67.83% of the company’s stock.
In related news, insider Charles D. Lake II sold 18,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $52.09, for a total transaction of $937,620.00. Following the transaction, the insider now owns 104,086 shares of the company’s stock, valued at approximately $5,421,839.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Charles D. Lake II sold 15,678 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $49.19, for a total value of $771,200.82. Following the transaction, the insider now directly owns 137,764 shares in the company, valued at approximately $6,776,611.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,310 shares of company stock worth $6,254,667. 1.30% of the stock is owned by corporate insiders.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts expect that AFLAC Incorporated will post 4.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, May 21st. AFLAC’s payout ratio is 25.96%.
Several analysts have issued reports on AFL shares. Zacks Investment Research cut AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. ValuEngine lowered AFLAC from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. UBS Group decreased their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 30th. SunTrust Banks upped their price target on AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. Finally, Barclays upped their price target on AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and a consensus price target of $50.09.
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Aflac Incorporated, through its subsidiaries, 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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