Rockland Trust Co. Grows Stake in AFLAC Incorporated (AFL)

Rockland Trust Co. grew its stake in shares of AFLAC Incorporated (NYSE:AFL) by 13.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,548 shares of the financial services provider’s stock after acquiring an additional 1,214 shares during the period. Rockland Trust Co.’s holdings in AFLAC were worth $926,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. American National Bank grew its position in shares of AFLAC by 3.3% during the 4th quarter. American National Bank now owns 84,330 shares of the financial services provider’s stock valued at $7,403,000 after acquiring an additional 2,682 shares during the period. Franklin Street Advisors Inc. NC grew its position in shares of AFLAC by 4.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 39,682 shares of the financial services provider’s stock valued at $3,483,000 after acquiring an additional 1,570 shares during the period. DnB Asset Management AS grew its position in shares of AFLAC by 7.3% during the 4th quarter. DnB Asset Management AS now owns 47,280 shares of the financial services provider’s stock valued at $4,150,000 after acquiring an additional 3,200 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of AFLAC by 8.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,997,755 shares of the financial services provider’s stock valued at $162,597,000 after acquiring an additional 160,565 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of AFLAC during the 3rd quarter valued at approximately $4,202,000. 65.63% of the stock is owned by hedge funds and other institutional investors.

AFLAC Incorporated (AFL) opened at $91.69 on Friday. The company has a market cap of $36,050.00, a P/E ratio of 13.31, a P/E/G ratio of 2.64 and a beta of 1.02. AFLAC Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $91.73. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm earned $1.74 EPS. AFLAC’s revenue for the quarter was down 3.7% on a year-over-year basis. analysts predict that AFLAC Incorporated will post 6.76 earnings per share for the current year.

In other AFLAC news, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the transaction, the insider now directly owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James Todd Daniels sold 1,430 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.11, for a total transaction of $124,567.30. Following the completion of the transaction, the vice president now directly owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,657 shares of company stock valued at $1,988,685. Insiders own 3.00% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Wells Fargo & Co reissued a “market perform” rating and set a $90.00 target price (up from $84.00) on shares of AFLAC in a research report on Tuesday. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup downgraded shares of AFLAC from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Finally, Goldman Sachs Group assumed coverage on shares of AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.29.

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AFLAC Company Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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