Court Place Advisors LLC Sells 1,131 Shares of AFLAC Incorporated (NYSE:AFL)

Court Place Advisors LLC cut its stake in AFLAC Incorporated (NYSE:AFL) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,285 shares of the financial services provider’s stock after selling 1,131 shares during the period. AFLAC accounts for 1.1% of Court Place Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Court Place Advisors LLC’s holdings in AFLAC were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its position in AFLAC by 139.2% in the second quarter. Cubist Systematic Strategies LLC now owns 19,401 shares of the financial services provider’s stock worth $1,063,000 after acquiring an additional 11,291 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in AFLAC by 2.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 97,992 shares of the financial services provider’s stock worth $5,377,000 after acquiring an additional 2,568 shares in the last quarter. Prudential PLC grew its position in AFLAC by 186.3% in the second quarter. Prudential PLC now owns 37,284 shares of the financial services provider’s stock worth $2,044,000 after acquiring an additional 24,262 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in AFLAC by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 115,462 shares of the financial services provider’s stock worth $6,329,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Colony Group LLC grew its position in AFLAC by 13.8% in the second quarter. Colony Group LLC now owns 6,681 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 812 shares in the last quarter. Institutional investors and hedge funds own 69.22% of the company’s stock.

Shares of AFLAC stock opened at $52.37 on Wednesday. The firm has a fifty day simple moving average of $52.79 and a 200-day simple moving average of $52.78. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.21. AFLAC Incorporated has a 1-year low of $46.96 and a 1-year high of $57.18. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 2.80 and a beta of 0.70.

In other news, Director Karole Lloyd acquired 1,000 shares of AFLAC stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $54.08 per share, for a total transaction of $54,080.00. Following the completion of the purchase, the director now owns 28,181 shares of the company’s stock, valued at $1,524,028.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Audrey B. Tillman sold 24,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.81, for a total transaction of $1,243,440.00. Following the completion of the sale, the executive vice president now owns 123,414 shares of the company’s stock, valued at $6,394,079.34. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Several analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of AFLAC from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 2nd. UBS Group boosted their target price on shares of AFLAC from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Raymond James decreased their target price on shares of AFLAC from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Bank of America reissued a “hold” rating and issued a $56.00 target price on shares of AFLAC in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $53.95.

AFLAC Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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