Aflac Incorporated (AFL) Stake Decreased by Keel Point LLC

Keel Point LLC decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 14.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,340 shares of the financial services provider’s stock after selling 2,274 shares during the period. Keel Point LLC’s holdings in Aflac were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bollard Group LLC increased its holdings in shares of Aflac by 0.6% during the second quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock worth $182,000 after buying an additional 14 shares in the last quarter. Washington Trust Bank increased its holdings in shares of Aflac by 0.9% during the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after buying an additional 16 shares in the last quarter. Balentine LLC increased its holdings in shares of Aflac by 0.3% during the second quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock worth $516,000 after buying an additional 18 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Aflac by 0.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock worth $564,000 after buying an additional 27 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Aflac by 2.1% during the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 30 shares in the last quarter. 65.63% of the stock is owned by institutional investors.

In other Aflac news, President Kriss Cloninger III sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the completion of the transaction, the president now directly owns 253,196 shares in the company, valued at approximately $20,524,067.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas Wayne Johnson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the transaction, the director now owns 13,733 shares of the company’s stock, valued at $1,147,804.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,899 shares of company stock valued at $2,662,483. Corporate insiders own 3.00% of the company’s stock.

AFL has been the subject of several recent analyst reports. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Citigroup Inc. lowered shares of Aflac from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of Aflac from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Barclays PLC raised their price objective on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Finally, Bank of America Corporation lowered shares of Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Aflac has an average rating of “Hold” and an average target price of $78.86.

Aflac Incorporated (NYSE:AFL) traded up 0.530% during mid-day trading on Friday, hitting $84.385. 383,137 shares of the stock traded hands. The company has a 50 day moving average price of $82.47 and a 200-day moving average price of $77.95. Aflac Incorporated has a one year low of $66.50 and a one year high of $84.68. The stock has a market capitalization of $33.35 billion, a PE ratio of 12.759 and a beta of 0.96.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.20. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue was down .2% on a year-over-year basis. Equities analysts anticipate that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.

Aflac declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 8th that allows the company to repurchase 40,000,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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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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