OLD National Bancorp IN Has $1.61 Million Stock Position in Aflac Incorporated (NYSE:AFL)

OLD National Bancorp IN trimmed its position in Aflac Incorporated (NYSE:AFL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,463 shares of the financial services provider’s stock after selling 953 shares during the quarter. OLD National Bancorp IN’s holdings in Aflac were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AFL. Dynamic Advisor Solutions LLC bought a new position in Aflac during the third quarter worth $220,000. Global Retirement Partners LLC increased its position in Aflac by 3.0% during the third quarter. Global Retirement Partners LLC now owns 6,669 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 195 shares during the period. Capital Investment Advisors LLC increased its position in Aflac by 1.0% during the third quarter. Capital Investment Advisors LLC now owns 22,994 shares of the financial services provider’s stock worth $1,765,000 after acquiring an additional 218 shares during the period. Flagship Harbor Advisors LLC bought a new position in Aflac during the third quarter worth $268,000. Finally, Impact Partnership Wealth LLC increased its position in Aflac by 471.4% during the third quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 330 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Stock Up 0.3 %

Shares of NYSE:AFL opened at $83.52 on Tuesday. Aflac Incorporated has a 52 week low of $64.10 and a 52 week high of $86.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06. The company’s fifty day moving average is $82.31 and its 200-day moving average is $81.64. The company has a market capitalization of $48.06 billion, a PE ratio of 10.78, a P/E/G ratio of 2.28 and a beta of 0.91.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.22). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same quarter last year, the company earned $1.29 EPS. Equities research analysts predict that Aflac Incorporated will post 6.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AFL shares. Raymond James boosted their target price on shares of Aflac from $83.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. StockNews.com lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on shares of Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a report on Tuesday, January 9th. Finally, Evercore ISI lowered shares of Aflac from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Aflac has a consensus rating of “Hold” and an average target price of $82.15.

Insider Buying and Selling

In related news, Director Masatoshi Koide sold 30,493 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the transaction, the director now owns 86,090 shares in the company, valued at approximately $6,879,451.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Aflac news, Director Masatoshi Koide sold 30,493 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the transaction, the director now directly owns 86,090 shares in the company, valued at approximately $6,879,451.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Arthur Reginald Collins sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now owns 5,592 shares in the company, valued at $445,850.16. The disclosure for this sale can be found here. Insiders have sold a total of 46,493 shares of company stock worth $3,765,706 in the last 90 days. Corporate insiders own 0.80% 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.