Bernardo Wealth Planning LLC Takes Position in AFLAC Incorporated (AFL)
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.
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%.
WARNING: “Bernardo Wealth Planning LLC Takes Position in AFLAC Incorporated (AFL)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/bernardo-wealth-planning-llc-takes-position-in-aflac-incorporated-afl/3016318.html.
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.
Featured Story: What is Elliott Wave theory?
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AFLAC Incorporated (NYSE:AFL).
Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.