Bernardo Wealth Planning LLC purchased a new stake in shares of AFLAC Incorporated (NYSE:AFL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,326 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFL. Hancock Whitney Corp purchased a new stake in shares of AFLAC during the fourth quarter worth about $1,687,000. Norges Bank purchased a new stake in shares of AFLAC during the fourth quarter worth about $260,062,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of AFLAC during the fourth quarter worth about $41,000. Victory Capital Management Inc. boosted its holdings in shares of AFLAC by 12.6% during the first quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock worth $311,766,000 after purchasing an additional 696,326 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of AFLAC by 0.9% during the fourth quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock worth $15,833,000 after purchasing an additional 2,985 shares during the period. Institutional investors and hedge funds own 67.82% of the company’s stock.

In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $51.00, for a total transaction of $76,500.00. Following the completion of the transaction, the director now owns 12,816 shares of the company’s stock, valued at $653,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Teresa L. White sold 57,124 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the transaction, the insider now directly owns 76,378 shares of the company’s stock, valued at approximately $3,848,687.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,410 shares of company stock valued at $5,419,338. 1.30% of the stock is owned by insiders.

A number of analysts have recently weighed in on AFL shares. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Raymond James increased their target price on shares of AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. SunTrust Banks increased their target price on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a report on Monday, February 4th. Finally, UBS Group decreased their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.80.

AFL stock opened at $52.18 on Monday. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $52.44. The stock has a market capitalization of $38.90 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.54 and a beta of 0.78. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.23.

AFLAC (NYSE:AFL) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. AFLAC’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that AFLAC Incorporated will post 4.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, May 21st. AFLAC’s payout ratio is currently 25.96%.

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About AFLAC

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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