Aflac (AFL) Stake Lessened by Earnest Partners LLC

Earnest Partners LLC reduced its position in Aflac (NYSE:AFL) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,132 shares of the financial services provider’s stock after selling 7,286 shares during the quarter. Earnest Partners LLC’s holdings in Aflac were worth $11,423,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in shares of Aflac by 0.6% during the third quarter. New York State Common Retirement Fund now owns 1,466,095 shares of the financial services provider’s stock worth $119,325,000 after purchasing an additional 8,895 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Aflac by 11.4% during the third quarter. Toronto Dominion Bank now owns 151,088 shares of the financial services provider’s stock worth $12,296,000 after purchasing an additional 15,495 shares during the period. Advisor Group Inc. lifted its holdings in shares of Aflac by 5.8% during the third quarter. Advisor Group Inc. now owns 27,995 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 1,531 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Aflac by 16.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 358,223 shares of the financial services provider’s stock worth $29,087,000 after purchasing an additional 50,366 shares during the period. Finally, Kwmg LLC lifted its holdings in shares of Aflac by 4.5% during the third quarter. Kwmg LLC now owns 24,123 shares of the financial services provider’s stock worth $1,963,000 after purchasing an additional 1,032 shares during the period. 68.72% of the stock is owned by institutional investors and hedge funds.

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Aflac stock opened at $43.37 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05. Aflac has a 52 week low of $36.32 and a 52 week high of $45.88. The stock has a market cap of $34,479.16, a P/E ratio of 12.76, a P/E/G ratio of 1.75 and a beta of 0.95.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Aflac had a return on equity of 12.29% and a net margin of 20.18%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $0.72 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. sell-side analysts forecast that Aflac will post 3.87 earnings per share for the current year.

In other Aflac news, insider June P. Howard sold 2,648 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total transaction of $239,193.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles B. Knapp sold 10,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $43.72, for a total value of $437,200.00. Following the transaction, the director now owns 76,582 shares of the company’s stock, valued at approximately $3,348,165.04. The disclosure for this sale can be found here. Insiders have sold a total of 37,631 shares of company stock valued at $2,919,118 in the last 90 days. Insiders own 3.00% of the company’s stock.

Several equities research analysts recently weighed in on AFL shares. Raymond James Financial raised Aflac from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $44.00 to $50.00 in a report on Monday, January 22nd. Citigroup upgraded Aflac to a “strong-buy” rating and increased their price objective for the stock from $44.00 to $50.00 in a research report on Monday, January 22nd. UBS assumed coverage on Aflac in a research report on Friday, March 2nd. They issued a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research upgraded Aflac from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Aflac in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.68.

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Aflac Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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