Schaper Benz & Wise Investment Counsel Inc. WI cut its position in shares of AFLAC Incorporated (NYSE:AFL) by 0.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 373,393 shares of the financial services provider’s stock after selling 2,920 shares during the period. AFLAC comprises 2.4% of Schaper Benz & Wise Investment Counsel Inc. WI’s portfolio, making the stock its 7th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in AFLAC were worth $18,670,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Hancock Whitney Corp bought a new position in AFLAC in the fourth quarter valued at approximately $1,687,000. Transamerica Financial Advisors Inc. bought a new position in AFLAC in the fourth quarter valued at approximately $41,000. Norges Bank bought a new position in AFLAC in the fourth quarter valued at approximately $260,062,000. Hexavest Inc. grew its stake in AFLAC by 44.4% in the fourth quarter. Hexavest Inc. now owns 1,463,674 shares of the financial services provider’s stock valued at $66,685,000 after purchasing an additional 450,012 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in AFLAC by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock valued at $15,833,000 after purchasing an additional 2,985 shares in the last quarter. Institutional investors and hedge funds own 68.46% of the company’s stock.

In other news, insider Teresa L. White sold 12,338 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $49.06, for a total value of $605,302.28. Following the completion of the sale, the insider now directly owns 56,343 shares of the company’s stock, valued at $2,764,187.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Masatoshi Koide sold 29,008 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total value of $1,443,148.00. Following the completion of the sale, the insider now directly owns 64,512 shares of the company’s stock, valued at $3,209,472. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,244 shares of company stock valued at $4,363,557. Insiders own 1.30% of the company’s stock.

A number of research analysts have weighed in on AFL shares. Zacks Investment Research restated a “hold” rating and issued a $49.00 price target on shares of AFLAC in a research note on Monday, December 31st. JPMorgan Chase & Co. downgraded AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Wednesday, January 2nd. ValuEngine upgraded AFLAC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Finally, SunTrust Banks raised their price target on AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. AFLAC has a consensus rating of “Hold” and an average target price of $48.67.

AFL stock traded up $0.48 during mid-day trading on Tuesday, reaching $49.04. The company had a trading volume of 810,611 shares, compared to its average volume of 3,367,375. AFLAC Incorporated has a 52 week low of $41.45 and a 52 week high of $50.66. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 3.37 and a beta of 0.79. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.25.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. AFLAC had a return on equity of 13.62% and a net margin of 13.42%. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.47 billion. On average, equities research analysts anticipate that AFLAC Incorporated will post 4.23 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/schaper-benz-wise-investment-counsel-inc-wi-sells-2920-shares-of-aflac-incorporated-afl/2982389.html.

AFLAC 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: What are the most popular ETFs

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:AFL).

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.