Flossbach Von Storch AG Purchases New Position in AFLAC Incorporated (AFL)
Flossbach Von Storch AG purchased a new stake in AFLAC Incorporated (NYSE:AFL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,410 shares of the financial services provider’s stock, valued at approximately $212,000.
Other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of AFLAC in the 2nd quarter valued at about $358,000. Rockland Trust Co. boosted its holdings in AFLAC by 13.0% in the 4th quarter. Rockland Trust Co. now owns 10,548 shares of the financial services provider’s stock worth $926,000 after buying an additional 1,214 shares during the last quarter. Sawyer & Company Inc acquired a new stake in AFLAC in the 4th quarter worth about $1,151,000. Novare Capital Management LLC acquired a new stake in AFLAC in the 3rd quarter worth about $4,720,000. Finally, Legal & General Group Plc boosted its holdings in AFLAC by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 2,124,022 shares of the financial services provider’s stock worth $172,881,000 after buying an additional 53,650 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.
AFL has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective on the stock. Wells Fargo & Co set a $82.00 price objective on AFLAC and gave the stock a “hold” rating in a report on Wednesday, October 25th. B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $83.88.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.05. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.44 billion. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. research analysts predict that AFLAC Incorporated will post 7.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.52 per share. This is a boost from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, February 20th. AFLAC’s payout ratio is currently 16.35%.
In other news, VP James Todd Daniels sold 1,430 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the transaction, the vice president now directly owns 12,708 shares in the company, valued at approximately $1,106,993.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Audrey B. Tillman sold 2,360 shares of AFLAC stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $87.64, for a total transaction of $206,830.40. Following the sale, the insider now directly owns 39,331 shares in the company, valued at approximately $3,446,968.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,347 shares of company stock worth $1,962,778. Insiders own 3.00% of the company’s stock.
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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