Legacy Private Trust Co. lowered its stake in shares of AFLAC Incorporated (NYSE:AFL) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,827 shares of the financial services provider’s stock after selling 2,976 shares during the period. Legacy Private Trust Co.’s holdings in AFLAC were worth $2,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in AFLAC by 0.8% during the second quarter. Vanguard Group Inc. now owns 68,140,817 shares of the financial services provider’s stock worth $3,734,798,000 after buying an additional 557,750 shares during the last quarter. BlackRock Inc. boosted its stake in AFLAC by 1.6% during the second quarter. BlackRock Inc. now owns 53,864,475 shares of the financial services provider’s stock worth $2,952,313,000 after buying an additional 834,790 shares during the last quarter. Japan Post Holdings Co. Ltd. acquired a new position in AFLAC during the fourth quarter worth $2,512,857,000. AQR Capital Management LLC boosted its stake in AFLAC by 1.7% during the second quarter. AQR Capital Management LLC now owns 8,876,888 shares of the financial services provider’s stock worth $486,542,000 after buying an additional 144,836 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in AFLAC by 8.8% during the second quarter. Victory Capital Management Inc. now owns 6,782,831 shares of the financial services provider’s stock worth $371,768,000 after buying an additional 547,508 shares during the last quarter. 62.98% of the stock is currently owned by institutional investors.

Shares of AFLAC stock traded down $0.30 during trading hours on Tuesday, hitting $52.20. The company’s stock had a trading volume of 3,148,443 shares, compared to its average volume of 3,075,673. AFLAC Incorporated has a twelve month low of $45.84 and a twelve month high of $57.18. The firm has a fifty day moving average of $53.08 and a 200-day moving average of $53.03. The stock has a market cap of $38.22 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 2.79 and a beta of 0.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.05 and a current ratio of 0.05.

AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.09. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. The business had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that AFLAC Incorporated will post 4.42 earnings per share for the current fiscal year.

A number of research firms have weighed in on AFL. Raymond James lowered their price objective on AFLAC from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered AFLAC from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group upped their price target on AFLAC from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Bank of America set a $55.00 price target on AFLAC and gave the company a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. AFLAC presently has a consensus rating of “Hold” and a consensus price target of $53.82.

In other news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $54.08 per share, for a total transaction of $54,080.00. Following the acquisition, the director now owns 28,181 shares of the company’s stock, valued at $1,524,028.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Audrey B. Tillman sold 24,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $51.81, for a total value of $1,243,440.00. Following the completion of the sale, the executive vice president now owns 123,414 shares in the company, valued at approximately $6,394,079.34. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

AFLAC Company Profile

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.

Further Reading: Treasury Bonds

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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