First International Bank & Trust Cuts Holdings in Aflac Incorporated (NYSE:AFL)

First International Bank & Trust decreased its position in shares of Aflac Incorporated (NYSE:AFLFree Report) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,680 shares of the financial services provider’s stock after selling 2,172 shares during the period. First International Bank & Trust’s holdings in Aflac were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC grew its position in Aflac by 24.1% in the third quarter. Baystate Wealth Management LLC now owns 675 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 131 shares in the last quarter. Dominguez Wealth Management Solutions Inc. grew its holdings in Aflac by 0.5% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 24,969 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 132 shares during the last quarter. Brighton Jones LLC grew its holdings in Aflac by 2.3% in the third quarter. Brighton Jones LLC now owns 6,156 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 136 shares during the last quarter. MV Capital Management Inc. grew its holdings in Aflac by 3.7% in the third quarter. MV Capital Management Inc. now owns 3,779 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 136 shares during the last quarter. Finally, SVB Wealth LLC grew its holdings in Aflac by 1.4% in the third quarter. SVB Wealth LLC now owns 10,370 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Insider Activity at Aflac

In related news, Director Arthur Reginald Collins sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the completion of the sale, the director now owns 5,592 shares of the company’s stock, valued at approximately $445,850.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Masatoshi Koide sold 30,493 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $79.91, for a total value of $2,436,695.63. Following the completion of the sale, the director now owns 86,090 shares of the company’s stock, valued at approximately $6,879,451.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur Reginald Collins sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the completion of the sale, the director now directly owns 5,592 shares of the company’s stock, valued at approximately $445,850.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,493 shares of company stock valued at $3,342,606. Corporate insiders own 0.90% of the company’s stock.

Aflac Price Performance

Shares of AFL traded up $0.80 during mid-day trading on Friday, hitting $84.37. 6,153,803 shares of the company were exchanged, compared to its average volume of 2,307,108. Aflac Incorporated has a 1-year low of $60.32 and a 1-year high of $86.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50 day moving average of $81.34 and a 200-day moving average of $80.20. The stock has a market cap of $48.68 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.22). Aflac had a net margin of 24.92% and a return on equity of 17.59%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the company posted $1.29 EPS. Analysts expect that Aflac Incorporated will post 6.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on AFL shares. Raymond James lifted their price target on shares of Aflac from $83.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group boosted their price objective on shares of Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a report on Tuesday, January 9th. UBS Group boosted their price objective on shares of Aflac from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Wells Fargo & Company boosted their price objective on shares of Aflac from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Aflac has an average rating of “Hold” and an average target price of $80.36.

Get Our Latest Stock Analysis on AFL

About Aflac

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. 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.

Read More

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFLFree Report).

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.