Resources Management Corp CT ADV reduced its stake in Aflac Incorporated (NYSE:AFL – Free Report) by 94.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,135 shares of the financial services provider’s stock after selling 109,041 shares during the quarter. Resources Management Corp CT ADV’s holdings in Aflac were worth $677,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. MLP3 LLC purchased a new stake in shares of Aflac in the fourth quarter valued at $440,000. MML Investors Services LLC lifted its position in shares of Aflac by 7.6% in the fourth quarter. MML Investors Services LLC now owns 88,444 shares of the financial services provider’s stock valued at $9,753,000 after acquiring an additional 6,228 shares in the last quarter. Mariner LLC lifted its position in shares of Aflac by 5.7% in the fourth quarter. Mariner LLC now owns 203,614 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 10,903 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Aflac in the fourth quarter valued at $40,000. Finally, Fieldview Capital Management LLC acquired a new stake in shares of Aflac during the fourth quarter worth $514,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $112.38, for a total value of $18,655,080.00. Following the transaction, the insider owned 51,723,100 shares in the company, valued at approximately $5,812,641,978. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 969,156 shares of company stock valued at $110,980,345 in the last 90 days. 0.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on AFL
Aflac Price Performance
AFL stock opened at $116.88 on Tuesday. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.81. The stock’s fifty day simple moving average is $114.81 and its 200-day simple moving average is $112.04. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $59.49 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61.
Aflac (NYSE:AFL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $1.66 EPS. Aflac’s revenue was up 27.9% compared to the same quarter last year. Equities research analysts expect that Aflac Incorporated will post 7.08 EPS for the current year.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.61 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio (DPR) is presently 27.70%.
About Aflac
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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