KBC Group NV Sells 9,386 Shares of AFLAC Incorporated (AFL)
KBC Group NV lessened its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 124,132 shares of the financial services provider’s stock after selling 9,386 shares during the period. KBC Group NV’s holdings in AFLAC were worth $10,896,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AFL. Virtu KCG Holdings LLC bought a new position in AFLAC during the second quarter valued at approximately $315,000. Cubist Systematic Strategies LLC raised its position in AFLAC by 167.0% during the second quarter. Cubist Systematic Strategies LLC now owns 8,894 shares of the financial services provider’s stock valued at $691,000 after acquiring an additional 5,563 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in AFLAC during the second quarter valued at approximately $3,245,000. Dynamic Technology Lab Private Ltd bought a new position in AFLAC during the second quarter valued at approximately $358,000. Finally, Advisory Services Network LLC raised its position in AFLAC by 1.0% during the second quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 49 shares in the last quarter. 66.36% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the stock. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Wells Fargo & Co set a $84.00 price target on shares of AFLAC and gave the company a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group initiated coverage on shares of AFLAC in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, B. Riley reissued a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. AFLAC presently has a consensus rating of “Hold” and an average price target of $83.88.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. sell-side analysts forecast that AFLAC Incorporated will post 7.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be paid a $0.52 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.42%. AFLAC’s dividend payout ratio (DPR) is presently 16.35%.
In other news, insider Audrey B. Tillman sold 2,360 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.64, for a total value of $206,830.40. Following the sale, the insider now owns 39,331 shares in the company, valued at $3,446,968.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP James Todd Daniels sold 1,430 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 12,708 shares in the company, valued at approximately $1,106,993.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,347 shares of company stock worth $1,962,778. 3.00% of the stock is currently owned by corporate insiders.
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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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