Royal London Asset Management Ltd. Lowers Holdings in Aflac Incorporated (NYSE:AFL)

Royal London Asset Management Ltd. decreased its position in Aflac Incorporated (NYSE:AFLFree Report) by 63.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,469 shares of the financial services provider’s stock after selling 618,651 shares during the quarter. Royal London Asset Management Ltd. owned 0.06% of Aflac worth $27,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its position in shares of Aflac by 36.2% during the 1st quarter. Panagora Asset Management Inc. now owns 23,941 shares of the financial services provider’s stock valued at $1,542,000 after purchasing an additional 6,369 shares during the last quarter. Blair William & Co. IL boosted its holdings in Aflac by 6.8% during the 1st quarter. Blair William & Co. IL now owns 17,268 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 1,102 shares during the period. Aviva PLC boosted its holdings in Aflac by 0.7% during the 1st quarter. Aviva PLC now owns 210,634 shares of the financial services provider’s stock valued at $13,563,000 after acquiring an additional 1,503 shares during the period. Dakota Wealth Management purchased a new position in Aflac during the 1st quarter valued at $428,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Aflac by 7.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,142 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 417 shares during the period. Institutional investors own 66.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the sale, the director now directly owns 5,592 shares of the company’s stock, valued at $445,850.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Masatoshi Koide sold 30,493 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 directly owns 86,090 shares in the company, valued at $6,879,451.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur Reginald Collins sold 3,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total value of $239,190.00. Following the transaction, the director now directly owns 5,592 shares in the company, valued at approximately $445,850.16. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Aflac Stock Up 0.2 %

Aflac stock opened at $82.29 on Friday. The firm has a market cap of $47.48 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. Aflac Incorporated has a 52 week low of $60.20 and a 52 week high of $86.20. The business’s 50-day moving average price is $81.27 and its 200 day moving average price is $79.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFLGet Free Report) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.22). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same period last year, the business earned $1.29 earnings per share. As a group, sell-side analysts anticipate that Aflac Incorporated will post 6.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Evercore ISI cut Aflac from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $76.00 to $78.00 in a report on Thursday, January 4th. The Goldman Sachs Group upped their price objective on Aflac from $61.00 to $75.00 and gave the stock a “sell” rating in a research note on Tuesday, January 9th. UBS Group upped their price objective on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Morgan Stanley decreased their price objective on Aflac from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Finally, Wells Fargo & Company upped their price objective on Aflac from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aflac presently has a consensus rating of “Hold” and an average target price of $80.36.

Read Our Latest Research Report on Aflac

Aflac Profile

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. 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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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