Rockland Trust Co. lifted its position in AFLAC Incorporated (NYSE:AFL) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,548 shares of the financial services provider’s stock after purchasing an additional 1,214 shares during the period. Rockland Trust Co.’s holdings in AFLAC were worth $926,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in AFLAC by 11.6% during the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after buying an additional 736,703 shares during the period. Victory Capital Management Inc. raised its position in shares of AFLAC by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,562,481 shares of the financial services provider’s stock worth $289,950,000 after purchasing an additional 220,013 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AFLAC by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,075,085 shares of the financial services provider’s stock worth $250,315,000 after purchasing an additional 40,176 shares during the last quarter. Investec Asset Management LTD raised its position in shares of AFLAC by 1.2% in the 3rd quarter. Investec Asset Management LTD now owns 2,176,715 shares of the financial services provider’s stock worth $177,163,000 after purchasing an additional 25,412 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of AFLAC by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 2,124,022 shares of the financial services provider’s stock worth $172,881,000 after purchasing an additional 53,650 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
AFLAC Incorporated (AFL) opened at $86.44 on Friday. The company has a market capitalization of $34,526.40, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07. AFLAC Incorporated has a 12-month low of $66.50 and a 12-month high of $91.73.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the company posted $1.74 EPS. AFLAC’s quarterly revenue was down 3.7% on a year-over-year basis. equities research analysts expect that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
In related news, COO Masatoshi Koide sold 6,250 shares of the company’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 25,037 shares in the company, valued at approximately $2,203,256. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kriss Cloninger III sold 6,057 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $87.73, for a total value of $531,380.61. Following the sale, the president now owns 241,099 shares of the company’s stock, valued at $21,151,615.27. The disclosure for this sale can be found here. Insiders have sold a total of 22,657 shares of company stock worth $1,988,685 in the last three months. Corporate insiders own 3.00% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Thursday, September 21st. Citigroup downgraded AFLAC from a “neutral” rating to a “sell” rating and cut their price target for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Wells Fargo & Co reiterated a “hold” rating and set a $82.00 price objective on shares of AFLAC in a research note on Thursday, September 28th. Royal Bank of Canada reiterated a “sell” rating and set a $71.00 price objective on shares of AFLAC in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group initiated coverage on AFLAC in a research note on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price objective for the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. AFLAC has an average rating of “Hold” and an average price target of $80.29.
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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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