Acadian Asset Management LLC raised its holdings in AFLAC Incorporated (NYSE:AFL) by 124.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 450,329 shares of the financial services provider’s stock after buying an additional 249,734 shares during the quarter. Acadian Asset Management LLC’s holdings in AFLAC were worth $39,531,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of AFL. Mutual of America Capital Management LLC grew its holdings in AFLAC by 1.0% in 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 purchasing an additional 468 shares during the period. D.A. Davidson & CO. grew its holdings in AFLAC by 49.5% in 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 purchasing an additional 9,447 shares during the period. FMR LLC grew its holdings in AFLAC by 11.6% in the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after purchasing an additional 736,703 shares during the period. TIAA FSB acquired a new stake in AFLAC in the second quarter valued at approximately $1,321,000. Finally, MML Investors Services LLC grew its holdings in AFLAC by 14.4% in the second quarter. MML Investors Services LLC now owns 15,667 shares of the financial services provider’s stock valued at $1,217,000 after purchasing an additional 1,975 shares during the period. 65.62% of the stock is currently owned by institutional investors.
In other AFLAC news, President Kriss Cloninger III sold 6,057 shares of AFLAC 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 in the company, valued at $21,151,615.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares in the company, valued at approximately $2,203,256. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,657 shares of company stock worth $1,988,685. 3.00% of the stock is currently owned by company insiders.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $1.74 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. analysts forecast that AFLAC Incorporated will post 6.76 EPS for the current year.
Several brokerages have commented on AFL. Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday. Citigroup lowered AFLAC from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $82.00 to $77.00 in a report on Tuesday, September 26th. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up from $84.00) on shares of AFLAC in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $80.29.
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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