McCollum Christoferson Group LLC bought a new stake in shares of AFLAC Incorporated (NYSE:AFL) during the 4th quarter, Holdings Channel reports. The firm bought 37,473 shares of the financial services provider’s stock, valued at approximately $3,289,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AFL. San Francisco Sentry Investment Group CA lifted its position in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares in the last quarter. Harfst & Associates Inc. raised its holdings in AFLAC by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 214 shares during the period. Princeton Portfolio Strategies Group LLC bought a new stake in AFLAC during the second quarter valued at about $200,000. Ifrah Financial Services Inc. bought a new stake in AFLAC during the third quarter valued at about $200,000. Finally, Lowe Brockenbrough & Co. Inc. bought a new stake in AFLAC during the third quarter valued at about $204,000. Institutional investors own 65.62% of the company’s stock.
In other news, insider Audrey B. Tillman sold 310 shares of AFLAC stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the sale, the insider now directly owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Audrey B. Tillman sold 2,360 shares of AFLAC stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $87.64, for a total value of $206,830.40. Following the completion of the sale, the insider now directly owns 39,331 shares in the company, valued at $3,446,968.84. The disclosure for this sale can be found here. Insiders sold 22,657 shares of company stock worth $1,988,685 over the last ninety days. Insiders own 3.00% of the company’s stock.
AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. research analysts forecast that AFLAC Incorporated will post 6.76 EPS for the current fiscal year.
A number of research firms have commented on AFL. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Thursday, September 21st. B. Riley reissued a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reissued a “sell” rating and set a $71.00 price target on shares of AFLAC in a report on Tuesday, October 10th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. AFLAC presently has an average rating of “Hold” and a consensus 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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