Evercore Wealth Management LLC decreased its holdings in AFLAC Incorporated (NYSE:AFL) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,524 shares of the financial services provider’s stock after selling 1,712 shares during the quarter. Evercore Wealth Management LLC’s holdings in AFLAC were worth $2,896,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AFL. Moneta Group Investment Advisors LLC boosted its stake in AFLAC by 34,171.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock valued at $101,000 after buying an additional 93,631 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in AFLAC during the third quarter valued at about $104,000. Truvestments Capital LLC bought a new position in AFLAC during the third quarter valued at about $107,000. Ancora Advisors LLC bought a new position in AFLAC during the third quarter valued at about $122,000. Finally, Zions Bancorporation bought a new position in AFLAC during the third quarter valued at about $131,000. 66.73% of the stock is owned by institutional investors.
In other AFLAC news, VP Richard Williams, Jr. sold 1,129 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $43.97, for a total value of $49,642.13. Following the sale, the vice president now owns 14,577 shares of the company’s stock, valued at approximately $640,950.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Todd Daniels sold 3,400 shares of the firm’s stock in a transaction that occurred 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 directly owns 11,394 shares in the company, valued at approximately $502,931.16. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Several research analysts recently weighed in on the company. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Morgan Stanley decreased their price target on AFLAC from $48.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Finally, ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $48.23.
Shares of AFL stock opened at $43.23 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. AFLAC Incorporated has a twelve month low of $41.41 and a twelve month high of $48.19. The company has a market capitalization of $33.48 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.28 and a beta of 0.96.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.04. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the business earned $0.85 EPS. On average, research analysts forecast that AFLAC Incorporated will post 4.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Wednesday, November 21st were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Tuesday, November 20th. AFLAC’s dividend payout ratio (DPR) is currently 30.59%.
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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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