BerganKDV Wealth Management LLC boosted its position in shares of Aflac Incorporated (NYSE:AFL) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,285 shares of the company’s stock after buying an additional 56 shares during the period. BerganKDV Wealth Management LLC’s holdings in Aflac were worth $811,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. RS Investment Management Co. LLC raised its position in Aflac by 20.6% in the second quarter. RS Investment Management Co. LLC now owns 767,450 shares of the company’s stock valued at $55,379,000 after buying an additional 130,920 shares in the last quarter. Stoneridge Investment Partners LLC raised its position in Aflac by 4.5% in the second quarter. Stoneridge Investment Partners LLC now owns 56,150 shares of the company’s stock valued at $4,052,000 after buying an additional 2,404 shares in the last quarter. Douglas Lane & Associates LLC acquired a new position in Aflac during the second quarter valued at about $236,000. Rehmann Capital Advisory Group raised its position in Aflac by 22.6% in the second quarter. Rehmann Capital Advisory Group now owns 4,807 shares of the company’s stock valued at $347,000 after buying an additional 885 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Aflac during the second quarter valued at about $28,712,000. 62.15% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Aflac Incorporated (NYSE:AFL) traded up 0.10% on Friday, reaching $69.64. The company had a trading volume of 2,009,302 shares. The stock has a market capitalization of $28.42 billion, a PE ratio of 11.04 and a beta of 1.06. The stock’s 50 day moving average price is $69.86 and its 200-day moving average price is $71.47. Aflac Incorporated has a 12-month low of $54.57 and a 12-month high of $74.50.

Aflac (NYSE:AFL) last issued its earnings results on Thursday, October 27th. The company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.08. The business had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. Equities analysts expect that Aflac Incorporated will post $6.87 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on AFL. Evercore ISI raised Aflac from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada lowered Aflac from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $74.00 to $65.00 in a report on Friday, December 9th. RBC Capital Markets lowered Aflac from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $74.00 to $65.00 in a report on Thursday, December 8th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Aflac in a report on Monday, December 5th. Finally, Vetr raised Aflac from a “hold” rating to a “buy” rating and set a $74.76 target price for the company in a report on Tuesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $69.67.

In other Aflac news, Director Barbara K. Rimer sold 10,500 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $70.14, for a total value of $736,470.00. Following the transaction, the director now directly owns 16,084 shares in the company, valued at approximately $1,128,131.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph L. Moskowitz bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was bought at an average price of $68.53 per share, for a total transaction of $68,530.00. Following the completion of the purchase, the director now directly owns 5,750 shares in the company, valued at $394,047.50. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by company insiders.

Aflac Company Profile

Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

5 Day Chart for NYSE:AFL

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