Carnegie Capital Asset Management LLC Acquires New Stake in Aflac Incorporated (NYSE: AFL)

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Carnegie Capital Asset Management LLC acquired a new stake in Aflac Incorporated (NYSE: AFLGet a rating) in the 1st trimester, HoldingsChannel.com reports. The company bought 3,309 shares of the financial services provider, valued at around $213,000.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. State Street Corp increased its stake in Aflac by 1.1% in the fourth quarter. State Street Corp now owns 33,531,471 shares of the financial services provider worth $1,957,903,000 after acquiring 379,178 additional shares last quarter. Geode Capital Management LLC increased its stake in Aflac by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 12,177,065 shares of the financial services provider worth $709,307,000 after acquiring an additional 217,701 shares last quarter. LSV Asset Management increased its stake in Aflac by 0.4% in the 4th quarter. LSV Asset Management now owns 6,537,089 shares of the financial services provider worth $381,701,000 after acquiring an additional 28,200 shares last quarter. Norges Bank bought a new stake in Aflac in the 4th quarter at a value of $271,422,000. Finally, Alliancebernstein LP increased its stake in Aflac by 0.6% in the 4th quarter. Alliancebernstein LP now owns 4,145,599 shares of the financial services provider worth $242,062,000 after acquiring an additional 26,749 shares last quarter. Hedge funds and other institutional investors hold 66.45% of the company’s shares.

NYSE AFL opened at $55.79 on Friday. The company’s 50-day moving average is $58.04 and its two-hundred-day moving average is $60.58. Aflac Incorporated has a 12-month low of $51.28 and a 12-month high of $67.20. The company has a debt ratio of 0.26, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $35.94 billion, a P/E ratio of 9.16, a PEG ratio of 2.05 and a beta of 0.96.

Aflac (NYSE: AFLGet a rating) last reported results on Wednesday, April 27. The financial services provider reported EPS of $1.42 for the quarter, beating consensus analyst estimates of $1.38 by $0.04. Aflac had a net margin of 18.90% and a return on equity of 11.96%. The company posted revenue of $5.27 billion for the quarter, versus $5.16 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.53. As a group, analysts expect Aflac Incorporated to post EPS of 5.28 for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Wednesday, May 18 received a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 17. This represents an annualized dividend of $1.60 and a dividend yield of 2.87%. Aflac’s dividend payout ratio is currently 26.27%.

In other news, please Albert Riggieri sold 1,687 shares in a transaction dated Tuesday, March 29. The shares were sold at an average price of $65.05, for a total transaction of $109,739.35. The sale was disclosed in a legal filing with the SEC, available at this link. Also, director Karole Lloyd purchased 1,000 shares of Aflac in a trade dated Thursday, April 28. The shares were acquired at an average cost of $59.36 per share, for a total transaction of $59,360.00. As a result of the transaction, the administrator now directly owns 38,588 shares of the company, valued at approximately $2,290,583.68. Disclosure of this purchase can be found here. 1.10% of the shares are currently held by insiders.

The AFL has been the subject of several research reports. Piper Sandler raised her price target on Aflac shares from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, April 6 report. StockNews.com launched a hedge on Aflac shares in a Thursday, March 31 report. They set a “holding” rating for the company. Finally, Citigroup launched a hedge on Aflac shares in a Monday, May 23 report. They set a “neutral” rating and a target price of $60.00 for the company. One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.30.

Afac Company Profile (Get a rating)

Aflac Incorporated, through its subsidiaries, offers supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac US. The Aflac Japan segment offers cancer, medical, nursing, GIFT, and whole and term life insurance products, as well as WAYS and children’s endowment plans under savings-type insurance products in Japan . .

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Want to see which other hedge funds hold AFLs? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Aflac Incorporated (NYSE: AFLGet a rating).

Institutional ownership by quarter for Aflac (NYSE:AFL)



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