Lingohr & Partner Asset Management GmbH grew its position in shares of AFLAC Incorporated (NYSE:AFL) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,652 shares of the financial services provider’s stock after acquiring an additional 695 shares during the quarter. AFLAC accounts for approximately 1.2% of Lingohr & Partner Asset Management GmbH’s portfolio, making the stock its 14th largest holding. Lingohr & Partner Asset Management GmbH’s holdings in AFLAC were worth $2,339,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of AFLAC by 11.6% during the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after buying an additional 736,703 shares during the period. Victory Capital Management Inc. lifted its position in shares of AFLAC by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,562,481 shares of the financial services provider’s stock valued at $289,950,000 after acquiring an additional 220,013 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of AFLAC by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,075,085 shares of the financial services provider’s stock valued at $250,315,000 after purchasing an additional 40,176 shares during the last quarter. Investec Asset Management LTD increased its holdings in shares of AFLAC by 1.2% in the third quarter. Investec Asset Management LTD now owns 2,176,715 shares of the financial services provider’s stock valued at $177,163,000 after purchasing an additional 25,412 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of AFLAC by 2.6% in the third quarter. Legal & General Group Plc now owns 2,124,022 shares of the financial services provider’s stock valued at $172,881,000 after purchasing an additional 53,650 shares during the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
AFL has been the subject of several research analyst reports. Citigroup lowered AFLAC from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $82.00 to $77.00 in a research report on Tuesday, September 26th. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Co reiterated a “market perform” rating and issued a $90.00 target price (up from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Goldman Sachs Group started coverage on AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price for the company. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday. Four equities research 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 company. AFLAC has a consensus rating of “Hold” and an average price target of $80.29.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (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 company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $1.74 EPS. AFLAC’s revenue for the quarter was down 3.7% on a year-over-year basis. equities analysts anticipate that AFLAC Incorporated will post 6.76 earnings per share for the current year.
In other news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold a total of 22,657 shares of company stock worth $1,988,685 in the last quarter. 3.00% of the stock is currently owned by insiders.
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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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