West Coast Financial LLC Sells 682 Shares of AFLAC Incorporated (AFL)
West Coast Financial LLC cut its stake in shares of AFLAC Incorporated (NYSE:AFL) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,018 shares of the financial services provider’s stock after selling 682 shares during the quarter. AFLAC makes up approximately 2.3% of West Coast Financial LLC’s holdings, making the stock its 8th biggest holding. West Coast Financial LLC’s holdings in AFLAC were worth $8,253,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA increased its holdings in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,345 shares during the period. Harfst & Associates Inc. increased its holdings in AFLAC by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after buying an additional 214 shares during the period. Davis R M Inc. purchased a new position in AFLAC during the fourth quarter valued at approximately $213,000. Ifrah Financial Services Inc. purchased a new position in AFLAC during the third quarter valued at approximately $200,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in AFLAC during the third quarter valued at approximately $204,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 25,037 shares in the company, valued at $2,203,256. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Audrey B. Tillman sold 310 shares of AFLAC stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the sale, the insider now owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,657 shares of company stock valued at $1,988,685. 3.00% of the stock is owned by insiders.
Shares of AFLAC Incorporated (AFL) traded up $0.38 on Friday, reaching $86.82. 1,867,359 shares of the company’s stock traded hands, compared to its average volume of 3,118,731. The firm has a market capitalization of $34,130.00, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02. AFLAC Incorporated has a 52 week low of $66.50 and a 52 week high of $91.73. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. AFLAC’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. research analysts anticipate that AFLAC Incorporated will post 6.76 earnings per share for the current fiscal year.
Several brokerages recently issued reports on AFL. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Thursday, September 21st. B. Riley reissued a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. ValuEngine raised shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Royal Bank of Canada restated a “sell” rating and issued a $71.00 target price on shares of AFLAC in a research note on Tuesday, October 10th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AFLAC presently has an average rating of “Hold” and an average target price of $80.29.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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