FDx Advisors Inc. increased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 66.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,911 shares of the financial services provider’s stock after purchasing an additional 17,935 shares during the quarter. FDx Advisors Inc.’s holdings in AFLAC were worth $2,046,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Advantage Inc. acquired a new position in AFLAC during the fourth quarter worth $29,000. Nelson Roberts Investment Advisors LLC acquired a new position in AFLAC during the fourth quarter worth $33,000. IMS Capital Management acquired a new position in AFLAC during the third quarter worth $35,000. Vigilant Capital Management LLC acquired a new position in AFLAC during the fourth quarter worth $39,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in AFLAC during the fourth quarter worth $41,000. Institutional investors and hedge funds own 66.98% of the company’s stock.
Several research analysts recently commented on the stock. SunTrust Banks increased their target price on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Morgan Stanley reduced their target price on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. cut shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Wednesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. AFLAC has a consensus rating of “Hold” and an average target price of $48.42.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.08. The firm had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.47 billion. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. As a group, equities research analysts predict that AFLAC Incorporated will post 4.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, February 19th. This represents a $1.08 dividend on an annualized basis and a yield of 2.21%. This is a boost from AFLAC’s previous quarterly dividend of $0.26. AFLAC’s dividend payout ratio (DPR) is currently 25.96%.
In other AFLAC news, insider James Todd Daniels sold 3,400 shares of the stock in a transaction on Friday, December 21st. The shares were sold at an average price of $44.14, for a total value of $150,076.00. Following the completion of the sale, the insider now owns 11,394 shares in the company, valued at $502,931.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Teresa L. White sold 12,338 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $49.06, for a total transaction of $605,302.28. Following the completion of the sale, the insider now owns 56,343 shares of the company’s stock, valued at approximately $2,764,187.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,987 shares of company stock valued at $2,098,916. Corporate insiders own 1.70% of the company’s stock.
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Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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