AFLAC Incorporated (AFL) Stake Lowered by Jacobi Capital Management LLC
Jacobi Capital Management LLC lessened its holdings in AFLAC Incorporated (NYSE:AFL) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,704 shares of the financial services provider’s stock after selling 1,352 shares during the period. AFLAC makes up 0.9% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Jacobi Capital Management LLC’s holdings in AFLAC were worth $3,516,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AFL. Natixis lifted its stake in shares of AFLAC by 116.6% in the 2nd quarter. Natixis now owns 1,525,606 shares of the financial services provider’s stock valued at $65,632,000 after purchasing an additional 821,166 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of AFLAC by 47.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,224,874 shares of the financial services provider’s stock valued at $95,715,000 after purchasing an additional 712,308 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of AFLAC by 659.2% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 640,924 shares of the financial services provider’s stock valued at $27,573,000 after purchasing an additional 556,500 shares during the last quarter. HAP Trading LLC acquired a new position in shares of AFLAC in the 3rd quarter valued at $22,750,000. Finally, California Public Employees Retirement System lifted its stake in shares of AFLAC by 17.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,748,852 shares of the financial services provider’s stock valued at $118,256,000 after purchasing an additional 401,806 shares during the last quarter. 66.77% of the stock is currently owned by institutional investors and hedge funds.
AFL stock opened at $43.55 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33.72 billion, a P/E ratio of 12.81, a PEG ratio of 1.28 and a beta of 0.96. AFLAC Incorporated has a 12-month low of $41.41 and a 12-month high of $48.19.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Wednesday, November 21st were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.39%. AFLAC’s dividend payout ratio is presently 30.59%.
In other AFLAC news, Director Douglas Wayne Johnson sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the sale, the director now owns 29,859 shares in the company, valued at approximately $1,389,040.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the sale, the director now owns 17,779 shares in the company, valued at approximately $824,590.02. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Several brokerages have recently commented on AFL. Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley decreased their price target on AFLAC from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 13th. ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group decreased their price target on AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. AFLAC has a consensus rating of “Hold” and an average target price of $48.38.
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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.
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