Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 3,404 Shares of Aflac Incorporated (NYSE:AFL)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in Aflac Incorporated (NYSE:AFL) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,649 shares of the financial services provider’s stock after selling 3,404 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Aflac were worth $1,102,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC bought a new position in Aflac during the fourth quarter valued at about $26,000. Darwin Wealth Management LLC bought a new position in Aflac during the third quarter valued at about $34,000. BankPlus Trust Department bought a new position in Aflac during the fourth quarter valued at about $34,000. Raelipskie Partnership bought a new position in Aflac during the third quarter valued at about $38,000. Finally, OFI Invest Asset Management bought a new position in Aflac during the fourth quarter valued at about $38,000. 67.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the transaction, the director now owns 25,393 shares of the company’s stock, valued at approximately $2,733,048.59. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the transaction, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,546 shares of company stock valued at $5,863,616. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Down 1.5 %

Shares of AFL opened at $104.67 on Thursday. The company has a market capitalization of $57.21 billion, a P/E ratio of 10.90, a PEG ratio of 3.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. Aflac Incorporated has a one year low of $79.31 and a one year high of $115.50. The business’s 50 day simple moving average is $105.24 and its 200-day simple moving average is $107.70.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, sell-side analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AFL. Wells Fargo & Company lowered their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their price target on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their price target on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Evercore ISI decreased their price objective on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus price target of $103.36.

About Aflac

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.