Bessemer Group Inc. lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 82.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,280 shares of the financial services provider’s stock after selling 117,264 shares during the period. Bessemer Group Inc.’s holdings in AFLAC were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transamerica Financial Advisors Inc. acquired a new position in shares of AFLAC during the 4th quarter worth about $41,000. CIBC World Markets Inc. raised its position in shares of AFLAC by 5.8% during the 3rd quarter. CIBC World Markets Inc. now owns 103,436 shares of the financial services provider’s stock worth $4,869,000 after purchasing an additional 5,654 shares during the last quarter. Hexavest Inc. raised its position in shares of AFLAC by 44.4% during the 4th quarter. Hexavest Inc. now owns 1,463,674 shares of the financial services provider’s stock worth $66,685,000 after purchasing an additional 450,012 shares during the last quarter. Financial Advantage Inc. acquired a new position in shares of AFLAC during the 4th quarter worth about $29,000. Finally, PhiloSmith Capital Corp raised its position in shares of AFLAC by 6.0% during the 4th quarter. PhiloSmith Capital Corp now owns 177,800 shares of the financial services provider’s stock worth $8,101,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 66.64% of the company’s stock.
In other news, insider Teresa L. White sold 12,338 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $49.06, for a total value of $605,302.28. Following the completion of the sale, the insider now owns 56,343 shares of the company’s stock, valued at approximately $2,764,187.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Williams, Jr. sold 1,129 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $43.97, for a total transaction of $49,642.13. Following the completion of the sale, the vice president now directly owns 14,577 shares of the company’s stock, valued at approximately $640,950.69. The disclosure for this sale can be found here. In the last three months, insiders sold 64,765 shares of company stock valued at $3,120,127. Corporate insiders own 1.70% of the company’s stock.
Shares of NYSE AFL opened at $49.70 on Friday. AFLAC Incorporated has a 12-month low of $41.45 and a 12-month high of $49.71. The stock has a market cap of $37.06 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.08. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.47 billion. As a group, equities analysts forecast that AFLAC Incorporated will post 4.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, February 19th. This is a boost from AFLAC’s previous quarterly dividend of $0.26. AFLAC’s dividend payout ratio is currently 25.96%.
AFL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, January 17th. JPMorgan Chase & Co. cut shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Wednesday, January 2nd. ValuEngine raised shares of AFLAC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, SunTrust Banks upped their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.36.
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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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