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AFLAC Incorporated (NYSE:AFL) Shares Sold by Meeder Asset Management Inc.
Posted by Philip Parker on May 10th, 2019 // Comments off
Meeder Asset Management Inc. cut its position in shares of AFLAC Incorporated (NYSE:AFL) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,582 shares of the financial services provider's stock after selling 847 shares during the quarter. Meeder Asset Management Inc.'s holdings in AFLAC were worth $1,429,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AFL. Norges Bank bought a new position in shares of AFLAC during the 4th quarter valued at about $260,062,000. Oregon Public Employees Retirement Fund grew its position in AFLAC by 2,138.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,815,741 shares of the financial services provider's stock worth $84,000 after acquiring an additional 3,645,273 shares during the last quarter. Boston Partners grew its position in AFLAC by 51.4% during the 4th quarter. Boston Partners now owns 4,914,986 shares of the financial services provider's stock worth $223,926,000 after acquiring an additional 1,668,025 shares during the last quarter. BlackRock Inc. grew its position in AFLAC by 3.1% during the 4th quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider's stock worth $2,353,074,000 after acquiring an additional 1,557,905 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in AFLAC by 37.2% during the 4th quarter. California Public Employees Retirement System now owns 4,408,196 shares of the financial services provider's stock worth $200,837,000 after acquiring an additional 1,196,113 shares during the last quarter. Hedge funds and other institutional investors own 68.35% of the company's stock.
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Several research firms recently issued reports on AFL. Zacks Investment Research upgraded AFLAC from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research report on Tuesday, April 30th. Raymond James raised their price target on AFLAC from $55.00 to $56.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, April 30th. UBS Group reduced their price target on AFLAC from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 30th. SunTrust Banks raised their price target on AFLAC to $48.00 and gave the stock a "hold" rating in a research report on Monday, February 4th. Finally, ValuEngine upgraded AFLAC from a "sell" rating to a "hold" rating in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. AFLAC currently has an average rating of "Hold" and an average target price of $49.80.
In other news, insider Teresa L. White sold 57,124 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $50.39, for a total value of $2,878,478.36. Following the completion of the transaction, the insider now owns 76,378 shares in the company, valued at approximately $3,848,687.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Masatoshi Koide sold 29,008 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total value of $1,443,148.00. Following the completion of the transaction, the insider now owns 64,512 shares of the company's stock, valued at approximately $3,209,472. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,248 shares of company stock valued at $5,948,140. 1.30% of the stock is currently owned by company insiders.
NYSE AFL traded up $0.78 on Friday, hitting $51.27. The company's stock had a trading volume of 3,741,900 shares, compared to its average volume of 3,304,713. AFLAC Incorporated has a 52-week low of $41.45 and a 52-week high of $51.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $37.64 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $5.66 billion during the quarter, compared to analysts' expectations of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The business's revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. Sell-side analysts predict that AFLAC Incorporated will post 4.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders 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 dividend yield of 2.11%. The ex-dividend date is Tuesday, May 21st. AFLAC's payout ratio is presently 25.96%.
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About AFLAC
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.
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