OppenheimerFunds Inc. Has $24.14 Million Position in AFLAC Incorporated (AFL)
OppenheimerFunds Inc. decreased its position in AFLAC Incorporated (NYSE:AFL) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,974 shares of the financial services provider’s stock after selling 30,639 shares during the quarter. OppenheimerFunds Inc.’s holdings in AFLAC were worth $24,137,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. State of Tennessee Treasury Department raised its holdings in AFLAC by 14.3% in the fourth quarter. State of Tennessee Treasury Department now owns 250,776 shares of the financial services provider’s stock valued at $22,013,000 after acquiring an additional 31,281 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in AFLAC by 73.2% in the fourth quarter. First Republic Investment Management Inc. now owns 210,474 shares of the financial services provider’s stock valued at $18,475,000 after acquiring an additional 88,927 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in AFLAC by 20.8% in the fourth quarter. Alpha Cubed Investments LLC now owns 5,022 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 865 shares in the last quarter. ARP Americas LP raised its holdings in AFLAC by 486.4% in the fourth quarter. ARP Americas LP now owns 27,607 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 22,899 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in AFLAC by 6.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 148,679 shares of the financial services provider’s stock valued at $13,051,000 after acquiring an additional 9,237 shares in the last quarter. 66.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AFLAC Incorporated (NYSE AFL) opened at $87.51 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. AFLAC Incorporated has a 1-year low of $70.64 and a 1-year high of $91.73. The firm has a market cap of $34,101.16, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.29%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. sell-side analysts expect that AFLAC Incorporated will post 7.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.38%. AFLAC’s dividend payout ratio (DPR) is 18.89%.
AFL has been the topic of several analyst reports. Raymond James Financial raised shares of AFLAC from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Citigroup raised shares of AFLAC to a “strong-buy” rating and raised their target price for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Zacks Investment Research raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.96.
In other news, VP James Todd Daniels sold 1,430 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $87.11, for a total transaction of $124,567.30. Following the transaction, the vice president now directly owns 12,708 shares in the company, valued at $1,106,993.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the transaction, the chief operating officer now owns 25,037 shares in the company, valued at $2,203,256. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,978 shares of company stock worth $4,444,696. Insiders own 3.00% of the company’s stock.
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.
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.