USS Investment Management Ltd Acquires New Stake in AFLAC Incorporated (AFL)
USS Investment Management Ltd acquired a new stake in shares of AFLAC Incorporated (NYSE:AFL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,800 shares of the financial services provider’s stock, valued at approximately $7,096,000.
Other institutional investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its position in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares during the period. Harfst & Associates Inc. lifted its position in AFLAC by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 214 shares during the period. Ifrah Financial Services Inc. bought a new position in AFLAC during the third quarter valued at approximately $200,000. Lowe Brockenbrough & Co. Inc. bought a new position in AFLAC during the third quarter valued at approximately $204,000. Finally, Cullen Frost Bankers Inc. bought a new position in AFLAC during the third quarter valued at approximately $206,000. Institutional investors own 65.62% of the company’s stock.
Shares of AFLAC Incorporated (AFL) opened at $86.39 on Wednesday. AFLAC Incorporated has a twelve month low of $66.50 and a twelve month high of $91.73. The company has a market cap of $33,394.13, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. equities research analysts predict that AFLAC Incorporated will post 6.76 EPS for the current year.
A number of research analysts recently weighed in on the stock. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Thursday, September 21st. B. Riley restated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a $71.00 target price on shares of AFLAC in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. AFLAC has a consensus rating of “Hold” and an average price target of $80.29.
In other news, insider Audrey B. Tillman sold 310 shares of the stock in a transaction on Thursday, October 26th. The shares were 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 directly 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 accessible through the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at $2,203,256. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,657 shares of company stock valued at $1,988,685. 3.00% of the stock is owned by corporate insiders.
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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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