Cape Cod Five Cents Savings Bank Boosts Stake in Aflac Incorporated (AFL)
Cape Cod Five Cents Savings Bank grew its position in shares of Aflac Incorporated (NYSE:AFL) by 14.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,982 shares of the financial services provider’s stock after acquiring an additional 2,448 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Aflac were worth $1,627,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its position in shares of Aflac by 320.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC boosted its position in shares of Aflac by 2.1% during the 2nd quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 30 shares during the last quarter. Capital Analysts LLC bought a new position in shares of Aflac during the 2nd quarter valued at approximately $131,000. Washington Trust Bank boosted its position in shares of Aflac by 0.9% during the 2nd quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 16 shares during the last quarter. Finally, Harfst & Associates Inc. bought a new position in shares of Aflac during the 1st quarter valued at approximately $128,000. Hedge funds and other institutional investors own 66.42% of the company’s stock.
Shares of Aflac Incorporated (AFL) traded up $0.72 during mid-day trading on Monday, reaching $84.70. The company had a trading volume of 545,875 shares, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $33,210.00, a P/E ratio of 12.46, a P/E/G ratio of 2.49 and a beta of 1.00. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $85.70.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.74 earnings per share. sell-side analysts predict that Aflac Incorporated will post 6.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43. Aflac’s dividend payout ratio (DPR) is currently 24.96%.
Aflac declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In other Aflac news, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the sale, the insider now owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Douglas Wayne Johnson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the completion of the sale, the director now directly owns 13,733 shares of the company’s stock, valued at approximately $1,147,804.14. The disclosure for this sale can be found here. In the last three months, insiders sold 28,709 shares of company stock valued at $2,404,680. Corporate insiders own 3.00% of the company’s stock.
Several research firms recently weighed in on AFL. Bank of America Corporation lowered Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. FBR & Co restated a “market perform” rating and set a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “sell” rating and set a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Zacks Investment Research upgraded Aflac from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, September 5th. Finally, UBS AG restated an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $79.63.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
Receive News & Ratings for Aflac Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.