Honkamp Krueger Financial Services Inc. trimmed its position in AFLAC Incorporated (NYSE:AFL) by 59.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,943 shares of the financial services provider’s stock after selling 7,375 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in AFLAC were worth $434,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in AFLAC during the 2nd quarter worth approximately $358,000. Robeco Institutional Asset Management B.V. increased its holdings in AFLAC by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,394 shares of the financial services provider’s stock worth $22,739,000 after purchasing an additional 11,873 shares in the last quarter. Oakbrook Investments LLC bought a new stake in AFLAC during the 3rd quarter worth approximately $1,298,000. Farmers & Merchants Investments Inc. increased its holdings in AFLAC by 1.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 81,113 shares of the financial services provider’s stock worth $6,602,000 after purchasing an additional 1,429 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in AFLAC by 8.3% during the 3rd quarter. APG Asset Management N.V. now owns 1,593,910 shares of the financial services provider’s stock worth $129,728,000 after purchasing an additional 121,600 shares in the last quarter. 68.80% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. UBS Group assumed coverage on AFLAC in a report on Friday, March 2nd. They issued a “neutral” rating and a $98.00 target price for the company. Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Finally, Citigroup raised AFLAC to a “strong-buy” rating and upped their target price for the company 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, eight have given a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.96.
AFLAC Incorporated (NYSE:AFL) traded down $0.54 during trading on Wednesday, reaching $90.21. The company had a trading volume of 2,026,635 shares, compared to its average volume of 2,270,000. AFLAC Incorporated has a fifty-two week low of $70.64 and a fifty-two week high of $91.76. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $35,150.00, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96.
AFLAC’s stock is scheduled to split before the market opens on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly issued shares will be issued to shareholders after the market closes on Friday, March 16th.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. AFLAC’s revenue for the quarter was down 8.9% on a year-over-year basis. equities analysts anticipate that AFLAC Incorporated will post 7.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were paid a $0.52 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, February 20th. This represents a $2.08 annualized dividend and a yield of 2.31%. AFLAC’s dividend payout ratio is presently 28.53%.
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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