Rockland Trust Co. trimmed its holdings in AFLAC Incorporated (NYSE:AFL) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,886 shares of the financial services provider’s stock after selling 405 shares during the quarter. Rockland Trust Co.’s holdings in AFLAC were worth $967,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Natixis Advisors L.P. grew its holdings in AFLAC by 1.1% in the 2nd quarter. Natixis Advisors L.P. now owns 56,226 shares of the financial services provider’s stock worth $3,082,000 after buying an additional 639 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in AFLAC by 21.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 797,297 shares of the financial services provider’s stock worth $43,493,000 after buying an additional 138,166 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in AFLAC by 3.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 42,152 shares of the financial services provider’s stock worth $2,311,000 after buying an additional 1,300 shares in the last quarter. Meridian Wealth Management LLC bought a new position in AFLAC during the 1st quarter valued at $60,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in AFLAC by 8.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 167,810 shares of the financial services provider’s stock valued at $9,198,000 after purchasing an additional 13,349 shares in the last quarter. 64.24% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Evercore ISI lowered AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 price target for the company. in a research note on Tuesday, July 16th. Barclays decreased their price target on AFLAC from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Morgan Stanley increased their price target on AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. UBS Group increased their price target on AFLAC from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, ValuEngine lowered AFLAC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $53.62.
Shares of NYSE AFL opened at $52.44 on Friday. The stock has a fifty day moving average price of $51.20 and a two-hundred day moving average price of $52.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $38.13 billion, a P/E ratio of 12.61, a PEG ratio of 2.86 and a beta of 0.71. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $57.18.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. On average, research analysts predict that AFLAC Incorporated will post 4.34 earnings per share for the current fiscal year.
In other news, Director Toshihiko Fukuzawa sold 1,500 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $52.00, for a total transaction of $78,000.00. Following the completion of the sale, the director now directly owns 11,349 shares of the company’s stock, valued at approximately $590,148. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Todd Daniels sold 5,552 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $52.98, for a total value of $294,144.96. Following the sale, the insider now directly owns 20,101 shares of the company’s stock, valued at $1,064,950.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,780 shares of company stock valued at $835,628. Corporate insiders own 1.30% of the company’s stock.
Aflac Incorporated, through its subsidiaries, 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.
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