DAVENPORT & Co LLC Sells 39,742 Shares of Aflac Incorporated (NYSE:AFL)

DAVENPORT & Co LLC reduced its stake in Aflac Incorporated (NYSE:AFLFree Report) by 27.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,335 shares of the financial services provider’s stock after selling 39,742 shares during the period. DAVENPORT & Co LLC’s holdings in Aflac were worth $8,525,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Aflac by 1.1% in the third quarter. Vanguard Group Inc. now owns 54,208,007 shares of the financial services provider’s stock worth $4,160,465,000 after purchasing an additional 605,210 shares in the last quarter. State Street Corp increased its holdings in shares of Aflac by 1.3% during the second quarter. State Street Corp now owns 27,645,876 shares of the financial services provider’s stock valued at $1,929,682,000 after acquiring an additional 366,344 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Aflac by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 16,415,385 shares of the financial services provider’s stock valued at $1,145,794,000 after purchasing an additional 107,554 shares during the last quarter. Geode Capital Management LLC boosted its stake in Aflac by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 11,888,265 shares of the financial services provider’s stock worth $765,297,000 after purchasing an additional 105,298 shares in the last quarter. Finally, Morgan Stanley grew its position in Aflac by 9.0% during the 3rd quarter. Morgan Stanley now owns 9,643,531 shares of the financial services provider’s stock worth $740,141,000 after purchasing an additional 794,784 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Masatoshi Koide sold 30,493 shares of Aflac stock in a transaction on Friday, February 16th. The shares were sold at an average price of $79.91, for a total value of $2,436,695.63. Following the sale, the director now owns 86,090 shares of the company’s stock, valued at approximately $6,879,451.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Masatoshi Koide sold 30,493 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the completion of the sale, the director now owns 86,090 shares of the company’s stock, valued at $6,879,451.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Kenny sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $84.62, for a total transaction of $423,100.00. Following the completion of the transaction, the director now directly owns 17,920 shares in the company, valued at $1,516,390.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,493 shares of company stock worth $3,765,706. 0.80% of the stock is owned by corporate insiders.

Aflac Price Performance

Shares of NYSE AFL opened at $85.18 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.06 and a quick ratio of 0.06. The firm’s 50 day simple moving average is $81.81 and its 200-day simple moving average is $81.06. Aflac Incorporated has a 12 month low of $63.08 and a 12 month high of $86.26. The stock has a market capitalization of $49.01 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 2.33 and a beta of 0.91.

Aflac (NYSE:AFLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). Aflac had a net margin of 24.92% and a return on equity of 17.59%. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. Analysts expect that Aflac Incorporated will post 6.43 EPS for the current year.

Analyst Ratings Changes

AFL has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Aflac from $61.00 to $75.00 and gave the stock a “sell” rating in a report on Tuesday, January 9th. Raymond James lifted their price target on Aflac from $83.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Aflac from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. UBS Group lifted their target price on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus target price of $80.36.

View Our Latest Research Report on AFL

Aflac Profile

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

Further Reading

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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