Fiduciary Group LLC Increases Position in AFLAC Incorporated (AFL)

Fiduciary Group LLC lifted its stake in shares of AFLAC Incorporated (NYSE:AFL) by 6.1% during the 1st quarter, Holdings Channel reports. The firm owned 31,658 shares of the financial services provider’s stock after acquiring an additional 1,832 shares during the period. Fiduciary Group LLC’s holdings in AFLAC were worth $1,583,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AFL. Vanguard Group Inc lifted its position in shares of AFLAC by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after acquiring an additional 505,341 shares during the period. BlackRock Inc. boosted its position in AFLAC by 3.1% during the fourth quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider’s stock worth $2,353,074,000 after purchasing an additional 1,557,905 shares during the period. Geode Capital Management LLC boosted its position in AFLAC by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 10,367,524 shares of the financial services provider’s stock worth $471,555,000 after purchasing an additional 724,613 shares during the period. Victory Capital Management Inc. boosted its position in AFLAC by 12.6% during the first quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock worth $311,766,000 after purchasing an additional 696,326 shares during the period. Finally, LSV Asset Management boosted its position in AFLAC by 0.9% during the first quarter. LSV Asset Management now owns 6,164,239 shares of the financial services provider’s stock worth $308,211,000 after purchasing an additional 53,500 shares during the period. 67.82% of the stock is currently owned by institutional investors.

In other news, insider Audrey B. Tillman sold 2,100 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $48.71, for a total value of $102,291.00. Following the sale, the insider now directly owns 105,017 shares of the company’s stock, valued at $5,115,378.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $51.00, for a total transaction of $76,500.00. Following the completion of the sale, the director now directly owns 12,816 shares in the company, valued at $653,616. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,410 shares of company stock worth $6,356,958. Insiders own 1.30% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. UBS Group cut their target price on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. SunTrust Banks increased their target price on shares of AFLAC to $48.00 and gave the stock a “hold” rating in a research report on Monday, February 4th. Finally, Raymond James increased their target price on shares of AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. AFLAC has an average rating of “Hold” and an average target price of $49.80.

Shares of NYSE:AFL opened at $51.95 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.54 and a beta of 0.78. AFLAC Incorporated has a twelve month low of $41.45 and a twelve month high of $52.45.

AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, May 21st. AFLAC’s payout ratio is 25.96%.

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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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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