Canandaigua National Bank & Trust Co. Buys New Stake in Aflac Incorporated $AFL

Canandaigua National Bank & Trust Co. bought a new stake in shares of Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,494 shares of the financial services provider’s stock, valued at approximately $3,106,000.

Other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its holdings in shares of Aflac by 0.4% during the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 91 shares during the period. Compound Planning Inc. lifted its holdings in Aflac by 0.7% in the first quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock worth $1,508,000 after purchasing an additional 91 shares during the period. Root Financial Partners LLC lifted its holdings in Aflac by 4.5% in the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 92 shares during the period. CENTRAL TRUST Co grew its position in Aflac by 0.5% in the 4th quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 95 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its position in Aflac by 1.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock valued at $902,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of several research analyst reports. Mizuho set a $112.00 target price on shares of Aflac in a research note on Thursday, July 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $108.00 price target (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of Aflac from $115.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Evercore upgraded shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and an average price target of $116.17.

Insider Activity

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95. Following the transaction, the insider owned 50,898,490 shares of the company’s stock, valued at $5,940,362,767.90. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the completion of the sale, the director owned 33,310 shares in the company, valued at $3,881,947.40. The trade was a 27.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 744,673 shares of company stock worth $87,090,808. 0.80% of the stock is owned by company insiders.

Aflac Trading Down 1.1%

Shares of AFL stock opened at $125.32 on Wednesday. The stock has a 50-day simple moving average of $119.99 and a 200 day simple moving average of $115.08. Aflac Incorporated has a fifty-two week low of $97.47 and a fifty-two week high of $130.22. The stock has a market capitalization of $63.78 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.95 and a beta of 0.60. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.