AFLAC Incorporated (NYSE:AFL) Shares Sold by Rockland Trust Co.

Rockland Trust Co. lowered its stake in AFLAC Incorporated (NYSE:AFL) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,886 shares of the financial services provider’s stock after selling 405 shares during the period. Rockland Trust Co.’s holdings in AFLAC were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Moors & Cabot Inc. raised its position in shares of AFLAC by 1.9% during the 2nd quarter. Moors & Cabot Inc. now owns 10,149 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 191 shares in the last quarter. Corient Capital Partners LLC grew its stake in AFLAC by 2.6% during the 2nd quarter. Corient Capital Partners LLC now owns 7,638 shares of the financial services provider’s stock worth $419,000 after buying an additional 192 shares during the last quarter. Exeter Financial LLC grew its stake in shares of AFLAC by 0.3% in the 2nd quarter. Exeter Financial LLC now owns 74,316 shares of the financial services provider’s stock valued at $4,073,000 after purchasing an additional 197 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of AFLAC by 1.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 13,074 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 200 shares during the last quarter. Finally, Smith Salley & Associates grew its stake in shares of AFLAC by 3.2% in the 2nd quarter. Smith Salley & Associates now owns 6,947 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 213 shares during the last quarter. 64.24% of the stock is currently owned by institutional investors.

In other AFLAC news, Director Barbara K. Rimer sold 4,728 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $53.74, for a total transaction of $254,082.72. Following the completion of the sale, the director now owns 32,448 shares of the company’s stock, valued at $1,743,755.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the sale, the director now directly owns 11,349 shares of the company’s stock, valued at approximately $590,148. The disclosure for this sale can be found here. Insiders sold 15,780 shares of company stock valued at $835,628 over the last quarter. Insiders own 1.30% of the company’s stock.

AFLAC stock opened at $52.44 on Friday. The firm has a market capitalization of $38.13 billion, a P/E ratio of 12.61, a PEG ratio of 2.86 and a beta of 0.71. The stock has a fifty day moving average price of $51.20 and a 200 day moving average price of $52.12. AFLAC Incorporated has a 52 week low of $41.45 and a 52 week high of $57.18. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22.

AFLAC (NYSE:AFL) last released its earnings results on Thursday, July 25th. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts predict that AFLAC Incorporated will post 4.34 EPS for the current year.

Several research analysts have weighed in on AFL shares. Raymond James downgraded AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 target price on the stock. in a research note on Monday, July 29th. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Morgan Stanley upped their target price on AFLAC from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Bank of America set a $54.00 target price on AFLAC and gave the company a “hold” rating in a research note on Friday, September 27th. Finally, UBS Group upped their target price on AFLAC from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.62.

About AFLAC

Aflac Incorporated, through its subsidiaries, 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.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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