AFLAC Incorporated (AFL) Stake Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of AFLAC Incorporated (NYSE:AFL) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,468 shares of the financial services provider’s stock after buying an additional 2,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AFLAC were worth $10,409,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Advantage Inc. acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $29,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $33,000. IMS Capital Management acquired a new stake in shares of AFLAC in the third quarter valued at approximately $35,000. Vigilant Capital Management LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $39,000. Finally, Mackey Komara & Dankovich LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $64,000. 66.71% of the stock is owned by institutional investors.
AFL opened at $47.70 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. AFLAC Incorporated has a 52 week low of $41.41 and a 52 week high of $48.36. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.26%. This is a positive change from AFLAC’s previous quarterly dividend of $0.26. AFLAC’s payout ratio is currently 30.59%.
In other AFLAC news, VP Richard Williams, Jr. sold 1,129 shares of AFLAC stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $43.97, for a total transaction of $49,642.13. Following the completion of the sale, the vice president now owns 14,577 shares of the company’s stock, valued at approximately $640,950.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Todd Daniels sold 3,400 shares of AFLAC stock in a transaction on Friday, December 21st. The stock was sold at an average price of $44.14, for a total transaction of $150,076.00. Following the sale, the insider now directly owns 11,394 shares of the company’s stock, valued at approximately $502,931.16. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
A number of analysts recently weighed in on AFL shares. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. JPMorgan Chase & Co. lowered shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price target for the company. in a report on Wednesday, January 2nd. ValuEngine raised shares of AFLAC from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Morgan Stanley lowered their price target on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.45.
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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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