Bank of The Ozarks purchased a new stake in AFLAC Incorporated (NYSE:AFL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,550 shares of the financial services provider’s stock, valued at approximately $1,804,000.
Other large investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in AFLAC in the fourth quarter valued at $101,000. Omnia Family Wealth LLC grew its holdings in shares of AFLAC by 261.9% during the fourth quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA grew its holdings in shares of AFLAC by 4,338.7% during the third 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 during the last quarter. Legacy Advisors LLC grew its holdings in shares of AFLAC by 921.5% during the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in shares of AFLAC during the fourth quarter worth $145,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.
In other AFLAC news, insider Audrey B. Tillman sold 2,360 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $87.64, for a total value of $206,830.40. Following the transaction, the insider now owns 39,331 shares of the company’s stock, valued at $3,446,968.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Kriss Cloninger III sold 6,057 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $87.73, for a total value 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. Insiders have sold 22,347 shares of company stock worth $1,962,778 in the last ninety days. 3.00% of the stock is currently owned by insiders.
AFLAC Incorporated (NYSE:AFL) opened at $86.21 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.07 and a current ratio of 0.07. AFLAC Incorporated has a one year low of $68.17 and a one year high of $91.73. The stock has a market capitalization of $34,940.00, a price-to-earnings ratio of 7.84, a PEG ratio of 2.31 and a beta of 1.01.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. analysts forecast that AFLAC Incorporated will post 7.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is 16.36%.
Several brokerages have recently commented on AFL. B. Riley restated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Royal Bank of Canada restated a “sell” rating and set a $71.00 target price on shares of AFLAC in a report on Tuesday, October 10th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Citigroup upgraded AFLAC to a “strong-buy” rating and increased their target price for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Three equities 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’s stock. AFLAC has an average rating of “Hold” and a consensus target price of $83.88.
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AFLAC Company 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.
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