Union Bankshares Corp trimmed its holdings in AFLAC Incorporated (NYSE:AFL) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 9,050 shares of the financial services provider’s stock after selling 262 shares during the period. Union Bankshares Corp’s holdings in AFLAC were worth $453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AFL. Panagora Asset Management Inc. raised its position in shares of AFLAC by 8.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 44,043 shares of the financial services provider’s stock valued at $2,073,000 after purchasing an additional 3,520 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of AFLAC during the 3rd quarter valued at approximately $12,403,000. LPL Financial LLC raised its position in shares of AFLAC by 1.7% during the 3rd quarter. LPL Financial LLC now owns 170,930 shares of the financial services provider’s stock valued at $8,046,000 after acquiring an additional 2,840 shares in the last quarter. Highland Capital Management LP acquired a new stake in shares of AFLAC during the 3rd quarter valued at approximately $471,000. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of AFLAC during the 3rd quarter valued at approximately $790,000. 68.46% of the stock is currently owned by institutional investors.

In other news, insider Audrey B. Tillman sold 2,100 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $48.71, for a total value of $102,291.00. Following the completion of the transaction, the insider now owns 105,017 shares of the company’s stock, valued at $5,115,378.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Masatoshi Koide sold 29,008 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.75, for a total value of $1,443,148.00. Following the completion of the transaction, the insider now directly owns 64,512 shares of the company’s stock, valued at approximately $3,209,472. The disclosure for this sale can be found here. In the last three months, insiders sold 89,244 shares of company stock valued at $4,363,557. Company insiders own 1.30% of the company’s stock.

AFL has been the topic of several analyst reports. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, December 11th. JPMorgan Chase & Co. lowered AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Wednesday, January 2nd. ValuEngine raised AFLAC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, SunTrust Banks increased their target price on AFLAC to $48.00 and gave the stock a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.67.

NYSE AFL traded up $0.19 during trading hours on Wednesday, hitting $49.23. The company had a trading volume of 1,610,769 shares, compared to its average volume of 3,372,937. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two week high of $50.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $36.70 billion, a PE ratio of 11.83, a P/E/G ratio of 3.39 and a beta of 0.79.

AFLAC (NYSE:AFL) last issued its earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.47 billion. Equities research analysts expect that AFLAC Incorporated will post 4.22 earnings per share for the current fiscal year.

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AFLAC Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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