Curat Global LLC cut its holdings in Aflac Incorporated (NYSE:AFL – Free Report) by 87.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 628 shares of the financial services provider’s stock after selling 4,400 shares during the period. Curat Global LLC’s holdings in Aflac were worth $69,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of AFL. Navalign LLC acquired a new position in shares of Aflac in the 4th quarter valued at about $32,000. Darwin Wealth Management LLC acquired a new position in Aflac during the 2nd quarter valued at approximately $33,000. Activest Wealth Management boosted its position in Aflac by 95.6% during the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 152 shares during the period. Westside Investment Management Inc. boosted its position in Aflac by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 162 shares during the period. Finally, Park Square Financial Group LLC boosted its position in Aflac by 80.6% during the 4th quarter. Park Square Financial Group LLC now owns 354 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 158 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Thomas J. Kenny sold 1,740 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $116.57, for a total transaction of $202,831.80. Following the completion of the sale, the director directly owned 13,219 shares of the company’s stock, valued at $1,540,938.83. This represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Post Holdings Co. Ltd. Japan sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $118.80, for a total value of $5,940,000.00. Following the sale, the insider directly owned 51,424,645 shares of the company’s stock, valued at approximately $6,109,247,826. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 782,428 shares of company stock valued at $88,097,875. 0.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Aflac
Aflac Trading Up 0.4%
Shares of AFL stock opened at $117.74 on Friday. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $112.32 and a two-hundred day moving average of $111.60. The firm has a market capitalization of $59.93 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.62.
Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, research analysts expect that Aflac Incorporated will post 7.12 EPS for the current year.
Aflac Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s payout ratio is currently 27.70%.
Aflac Profile
Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.
Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.
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