Butensky & Cohen Financial Security Inc. lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,436 shares of the financial services provider’s stock after selling 862 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in AFLAC were worth $1,706,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Systematic Financial Management LP bought a new position in shares of AFLAC during the second quarter valued at approximately $999,000. AXA raised its holdings in shares of AFLAC by 152.7% during the second quarter. AXA now owns 21,844 shares of the financial services provider’s stock valued at $1,696,000 after acquiring an additional 13,200 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of AFLAC by 1.0% during the second quarter. Mutual of America Capital Management LLC now owns 48,371 shares of the financial services provider’s stock valued at $3,757,000 after acquiring an additional 468 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of AFLAC by 2.7% during the second quarter. UBS Asset Management Americas Inc. now owns 1,726,069 shares of the financial services provider’s stock valued at $134,081,000 after acquiring an additional 45,028 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of AFLAC by 49.5% during the second quarter. D.A. Davidson & CO. now owns 28,525 shares of the financial services provider’s stock valued at $2,215,000 after acquiring an additional 9,447 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the transaction, the insider now directly owns 41,937 shares in the company, valued at $3,504,675.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $124,567.30. Following the transaction, the vice president now owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The disclosure for this sale can be found here. Insiders have sold 22,657 shares of company stock valued at $1,988,685 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the company earned $1.74 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. sell-side analysts predict that AFLAC Incorporated will post 6.76 EPS for the current fiscal year.
AFL has been the subject of a number of recent analyst reports. Citigroup downgraded AFLAC from a “neutral” rating to a “sell” rating and decreased their target price for the company from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research downgraded AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Co restated a “market perform” rating and set a $90.00 target price (up previously from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Goldman Sachs Group started coverage on AFLAC in a report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price for the company. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. AFLAC currently has an average rating of “Hold” and an average target price 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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