Nisa Investment Advisors LLC cut its position in Aflac Incorporated (NYSE:AFL) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,527 shares of the financial services provider’s stock after selling 9,018 shares during the period. Nisa Investment Advisors LLC’s holdings in Aflac were worth $12,825,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares in the last quarter. Bollard Group LLC boosted its stake in Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock valued at $168,000 after buying an additional 14 shares during the period. CWM LLC boosted its stake in Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after buying an additional 30 shares during the period. BKD Wealth Advisors LLC boosted its stake in Aflac by 0.9% in the first quarter. BKD Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock valued at $267,000 after buying an additional 34 shares during the period. Finally, Private Trust Co. NA boosted its stake in Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock valued at $365,000 after buying an additional 42 shares during the period. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aflac Incorporated (AFL) traded up 0.45% during mid-day trading on Thursday, reaching $78.24. The company had a trading volume of 115,329 shares. The company has a market capitalization of $31.05 billion, a price-to-earnings ratio of 12.73 and a beta of 0.99. The stock has a 50 day moving average of $77.43 and a 200-day moving average of $73.45. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $79.86.
Aflac (NYSE:AFL) last released its earnings results on Thursday, April 27th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the business posted $1.74 earnings per share. Aflac’s revenue was down 2.6% compared to the same quarter last year. On average, analysts expect that Aflac Incorporated will post $6.52 earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 price objective on shares of Aflac in a research report on Wednesday, July 12th. Zacks Investment Research cut Aflac from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. FBR & Co reaffirmed a “market perform” rating and set a $80.00 price objective (up from $68.00) on shares of Aflac in a research report on Wednesday, July 12th. BidaskClub cut Aflac from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Barclays PLC increased their price objective on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, July 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $75.54.
In other Aflac news, insider Teresa L. White sold 11,314 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total value of $882,605.14. Following the sale, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Kriss Cloninger III sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $77.72, for a total value of $194,300.00. Following the completion of the sale, the president now owns 241,646 shares in the company, valued at $18,780,727.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 236,703 shares of company stock worth $18,328,514. 3.00% of the stock is owned by insiders.
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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