Waverton Investment Management Ltd Raises Stake in AFLAC Incorporated (AFL)

Share on StockTwits

Waverton Investment Management Ltd lifted its stake in shares of AFLAC Incorporated (NYSE:AFL) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,576 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. Waverton Investment Management Ltd’s holdings in AFLAC were worth $527,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AFL. Vanguard Group Inc. boosted its stake in shares of AFLAC by 0.8% during the third quarter. Vanguard Group Inc. now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after purchasing an additional 505,341 shares in the last quarter. Vanguard Group Inc boosted its stake in AFLAC by 0.8% in the third quarter. Vanguard Group Inc now owns 66,738,143 shares of the financial services provider’s stock valued at $3,141,364,000 after acquiring an additional 505,341 shares in the last quarter. Lyrical Asset Management LP boosted its stake in AFLAC by 3.8% in the third quarter. Lyrical Asset Management LP now owns 8,222,912 shares of the financial services provider’s stock valued at $387,052,000 after acquiring an additional 302,772 shares in the last quarter. Schroder Investment Management Group boosted its stake in AFLAC by 9.2% in the second quarter. Schroder Investment Management Group now owns 4,560,019 shares of the financial services provider’s stock valued at $197,038,000 after acquiring an additional 385,727 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in AFLAC by 4.6% in the third quarter. Legal & General Group Plc now owns 4,067,213 shares of the financial services provider’s stock valued at $191,421,000 after acquiring an additional 178,774 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider James Todd Daniels sold 3,400 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $44.14, for a total transaction of $150,076.00. Following the completion of the transaction, the insider now owns 11,394 shares of the company’s stock, valued at $502,931.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Richard Williams, Jr. sold 1,129 shares of AFLAC stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $43.97, for a total transaction of $49,642.13. Following the completion of the transaction, the vice president now directly owns 14,577 shares of the company’s stock, valued at approximately $640,950.69. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of research firms have issued reports on AFL. Morgan Stanley raised their price target on shares of AFLAC from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, September 27th. Zacks Investment Research cut shares of AFLAC from a “buy” rating to a “hold” rating in a report on Friday, September 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a report on Wednesday, October 3rd. Finally, ValuEngine cut shares of AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.46.

Shares of NYSE AFL traded up $0.48 during midday trading on Monday, reaching $46.17. The company had a trading volume of 350,819 shares, compared to its average volume of 3,758,775. The stock has a market cap of $34.41 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.29 and a beta of 0.83. AFLAC Incorporated has a 1 year low of $41.41 and a 1 year high of $48.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23.

AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. AFLAC had a net margin of 21.51% and a return on equity of 12.85%. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company posted $0.85 earnings per share. As a group, sell-side analysts forecast that AFLAC Incorporated will post 4.08 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Waverton Investment Management Ltd Raises Stake in AFLAC Incorporated (AFL)” was originally published by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/2019/01/14/waverton-investment-management-ltd-raises-stake-in-aflac-incorporated-afl/3140203.html.

About AFLAC

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AFLAC Incorporated (NYSE:AFL).

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.