Destination Wealth Management reduced its stake in AFLAC Incorporated (NYSE:AFL) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,144 shares of the financial services provider’s stock after selling 1,860 shares during the period. AFLAC accounts for about 1.4% of Destination Wealth Management’s investment portfolio, making the stock its 26th biggest holding. Destination Wealth Management’s holdings in AFLAC were worth $23,450,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of AFLAC by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 48,300 shares of the financial services provider’s stock worth $4,240,000 after buying an additional 585 shares during the period. Intrust Bank NA boosted its position in shares of AFLAC by 4.8% during the third quarter. Intrust Bank NA now owns 13,404 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 617 shares during the period. Somerset Trust Co boosted its position in shares of AFLAC by 2.6% during the fourth quarter. Somerset Trust Co now owns 24,941 shares of the financial services provider’s stock worth $2,190,000 after buying an additional 641 shares during the period. GWM Advisors LLC boosted its position in shares of AFLAC by 8.5% during the fourth quarter. GWM Advisors LLC now owns 8,469 shares of the financial services provider’s stock worth $762,000 after buying an additional 667 shares during the period. Finally, Lingohr & Partner Asset Management GmbH boosted its position in shares of AFLAC by 2.7% during the fourth quarter. Lingohr & Partner Asset Management GmbH now owns 26,652 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 695 shares during the period. Institutional investors own 66.87% of the company’s stock.
AFL has been the subject of several analyst reports. Wells Fargo & Co set a $82.00 price objective on AFLAC and gave the stock a “hold” rating in a research report on Wednesday, October 25th. B. Riley restated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $83.88.
Shares of AFLAC Incorporated (NYSE AFL) opened at $89.65 on Monday. The firm has a market capitalization of $35,004.29, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.07 and a quick ratio of 0.07. AFLAC Incorporated has a 52-week low of $70.34 and a 52-week high of $91.73.
Shares of AFLAC are set to split before the market opens on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be issued to shareholders after the closing bell on Friday, March 16th.
AFLAC (NYSE:AFL) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.05. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 earnings per share. equities analysts predict that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.32%. This is a boost from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is currently 16.35%.
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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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