FORA Capital LLC Takes Position in Aflac Incorporated (NYSE:AFL)

FORA Capital LLC acquired a new stake in Aflac Incorporated (NYSE:AFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,152 shares of the financial services provider's stock, valued at approximately $4,050,000.

A number of other large investors have also added to or reduced their stakes in AFL. Private Trust Co. NA raised its stake in Aflac by 1.3% in the 4th quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider's stock worth $791,000 after purchasing an additional 99 shares in the last quarter. Phillips Wealth Planners LLC raised its position in shares of Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider's stock valued at $662,000 after buying an additional 100 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider's stock valued at $55,000 after buying an additional 100 shares during the period. TKG Advisors LLC grew its position in Aflac by 0.5% during the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider's stock worth $2,230,000 after buying an additional 103 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its stake in Aflac by 1.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider's stock worth $720,000 after acquiring an additional 107 shares during the period. Institutional investors own 67.44% of the company's stock.

Aflac Stock Up 1.0 %

Shares of AFL stock opened at $106.94 on Thursday. The stock has a market cap of $58.37 billion, a P/E ratio of 11.14, a PEG ratio of 3.24 and a beta of 0.84. The company's fifty day simple moving average is $107.32 and its two-hundred day simple moving average is $106.76. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $84.30 and a 52 week high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.01). The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $4.53 billion. Aflac had a return on equity of 16.20% and a net margin of 28.76%. The firm's revenue for the quarter was down 37.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 earnings per share. Analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 21st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Aflac's dividend payout ratio (DPR) is presently 36.25%.

Analyst Upgrades and Downgrades

AFL has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of Aflac from $105.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of Aflac from $102.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday. Barclays raised their target price on Aflac from $95.00 to $96.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. StockNews.com lowered Aflac from a "hold" rating to a "sell" rating in a research report on Monday. Finally, BMO Capital Markets assumed coverage on shares of Aflac in a research report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Aflac has an average rating of "Hold" and a consensus price target of $104.21.

Insider Buying and Selling at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $107.63, for a total value of $107,630.00. Following the completion of the sale, the director now owns 25,393 shares of the company's stock, valued at approximately $2,733,048.59. This trade represents a 3.79 % 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. Also, Director Charles D. Lake II sold 29,802 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the sale, the director now owns 49,962 shares in the company, valued at approximately $5,360,422.98. The trade was a 37.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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