Scout Investments Inc. decreased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,000 shares of the financial services provider’s stock after selling 8,700 shares during the quarter. Scout Investments Inc.’s holdings in AFLAC were worth $18,039,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in AFL. Lenox Wealth Advisors LLC bought a new position in shares of AFLAC in the third quarter worth $25,000. KCS Wealth Advisory bought a new position in AFLAC in the third quarter valued at about $27,000. North Star Investment Management Corp. bought a new position in AFLAC in the third quarter valued at about $31,000. Virtus ETF Advisers LLC bought a new position in AFLAC in the second quarter valued at about $32,000. Finally, Quest Capital Management Inc. ADV bought a new position in AFLAC in the third quarter valued at about $47,000. 62.98% of the stock is owned by institutional investors and hedge funds.
Shares of AFL opened at $52.54 on Thursday. AFLAC Incorporated has a 52-week low of $46.56 and a 52-week high of $57.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.05 and a current ratio of 0.05. The business’s 50 day moving average price is $53.00 and its two-hundred day moving average price is $53.00. The firm has a market cap of $38.32 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.09. The business had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.52 billion. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. Research analysts predict that AFLAC Incorporated will post 4.42 EPS for the current fiscal year.
In other AFLAC news, EVP Audrey B. Tillman sold 24,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.81, for a total value of $1,243,440.00. Following the transaction, the executive vice president now directly owns 123,414 shares in the company, valued at approximately $6,394,079.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Williams, Jr. sold 1,900 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $52.99, for a total value of $100,681.00. 1.30% of the stock is owned by corporate insiders.
A number of research analysts have issued reports on AFL shares. JPMorgan Chase & Co. cut AFLAC from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 2nd. Bank of America set a $55.00 price target on AFLAC and gave the company a “hold” rating in a research note on Friday, October 25th. Raymond James cut their price target on AFLAC from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Finally, UBS Group lifted their price objective on AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. AFLAC has an average rating of “Hold” and an average price target of $53.82.
AFLAC Company Profile
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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