Magnetar Financial LLC Acquires 31,777 Shares of AFLAC Incorporated (AFL)

Magnetar Financial LLC grew its holdings in AFLAC Incorporated (NYSE:AFL) by 244.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,787 shares of the financial services provider’s stock after buying an additional 31,777 shares during the quarter. Magnetar Financial LLC’s holdings in AFLAC were worth $3,645,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. increased its position in shares of AFLAC by 320.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,000 shares in the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of AFLAC during the 2nd quarter worth about $131,000. ClariVest Asset Management LLC acquired a new stake in shares of AFLAC during the 2nd quarter worth about $150,000. Finally, Harfst & Associates Inc. increased its position in shares of AFLAC by 12.0% during the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 65.42% of the company’s stock.

A number of equities research analysts recently issued reports on AFL shares. Bank of America cut shares of AFLAC from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “sell” rating and set a $71.00 target price on shares of AFLAC in a research report on Tuesday, October 10th. UBS reiterated an “overweight” rating on shares of AFLAC in a research report on Thursday, August 24th. Finally, Barclays increased their target price on shares of AFLAC from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. AFLAC currently has a consensus rating of “Hold” and a consensus price target of $79.79.

Shares of AFLAC Incorporated (NYSE:AFL) opened at $87.61 on Thursday. AFLAC Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $88.74. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. The company has a market cap of $34,534.26, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02.

AFLAC (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The company’s revenue was down 3.7% on a year-over-year basis. equities analysts forecast that AFLAC Incorporated will post 6.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. This is a positive change from AFLAC’s previous quarterly dividend of $0.43. AFLAC’s dividend payout ratio is currently 26.09%.

In other news, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Kriss Cloninger III sold 6,057 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $87.73, for a total transaction of $531,380.61. Following the completion of the transaction, the president now directly owns 241,099 shares in the company, valued at approximately $21,151,615.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,766 shares of company stock worth $2,936,060. Insiders own 3.00% of the company’s stock.

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AFLAC Profile

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.

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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