Janney Montgomery Scott LLC Boosts Holdings in AFLAC Incorporated (AFL)
Janney Montgomery Scott LLC raised its stake in AFLAC Incorporated (NYSE:AFL) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,413 shares of the financial services provider’s stock after acquiring an additional 6,070 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AFLAC were worth $7,928,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of AFLAC during the 2nd quarter worth approximately $358,000. Keybank National Association OH grew its position in shares of AFLAC by 242.1% during the 2nd quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock worth $9,960,000 after buying an additional 90,741 shares during the period. New Amsterdam Partners LLC NY acquired a new stake in shares of AFLAC during the 2nd quarter worth approximately $531,000. Delta Lloyd Asset Management N.V. acquired a new stake in shares of AFLAC during the 2nd quarter worth approximately $3,306,000. Finally, Coho Partners Ltd. grew its position in shares of AFLAC by 85.3% during the 2nd quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock worth $169,881,000 after buying an additional 1,006,477 shares during the period. Hedge funds and other institutional investors own 65.75% of the company’s stock.
AFLAC Incorporated (NYSE AFL) opened at $88.76 on Wednesday. AFLAC Incorporated has a one year low of $66.50 and a one year high of $89.15. The firm has a market cap of $34,785.88, a P/E ratio of 13.13, a P/E/G ratio of 2.62 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
AFLAC (NYSE:AFL) last released its quarterly earnings data 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. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm earned $1.74 EPS. AFLAC’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts forecast that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.45 per share. This is a positive change from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, November 14th. This represents a $1.80 annualized dividend and a yield of 2.03%. AFLAC’s dividend payout ratio (DPR) is presently 26.09%.
In other AFLAC news, President Kriss Cloninger III sold 25,000 shares of AFLAC stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total value of $2,095,750.00. Following the transaction, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth J. Hudson sold 1,279 shares of AFLAC stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $83.76, for a total transaction of $107,129.04. Following the completion of the transaction, the director now directly owns 11,075 shares in the company, valued at approximately $927,642. The disclosure for this sale can be found here. Insiders have sold a total of 34,766 shares of company stock worth $2,936,060 in the last three months. 3.00% of the stock is owned by insiders.
AFL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, September 5th. Wells Fargo & Company set a $84.00 price target on shares of AFLAC and gave the stock a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada reiterated a “sell” rating and set a $71.00 price target on shares of AFLAC in a research report on Tuesday, October 10th. Citigroup cut shares of AFLAC from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $82.00 to $77.00 in a research report on Tuesday, September 26th. Finally, Bank of America cut shares of AFLAC from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. AFLAC currently has a consensus rating of “Hold” and a consensus target price of $79.79.
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AFLAC Company Profile
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.
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