Aflac Incorporated (NYSE:AFL) Stake Cut by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,646 shares of the financial services provider's stock after selling 12,743 shares during the quarter. Achmea Investment Management B.V. owned about 0.05% of Aflac worth $30,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Aflac in the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Aflac in the 3rd quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in shares of Aflac in the 4th quarter valued at approximately $34,000. Raelipskie Partnership acquired a new position in shares of Aflac in the 3rd quarter valued at approximately $38,000. Finally, OFI Invest Asset Management acquired a new position in shares of Aflac in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on Aflac from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Barclays cut their target price on Aflac from $98.00 to $95.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price target on Aflac from $107.00 to $104.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on Aflac from $90.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets initiated coverage on Aflac in a research report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Aflac presently has an average rating of "Hold" and an average target price of $103.36.

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Aflac Stock Performance

NYSE AFL traded up $2.34 during trading hours on Friday, hitting $107.44. The company had a trading volume of 1,395,107 shares, compared to its average volume of 1,997,055. Aflac Incorporated has a fifty-two week low of $79.31 and a fifty-two week high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $105.37 and a 200-day simple moving average of $107.69. The firm has a market cap of $58.72 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93.

Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. Equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Insider Activity at Aflac

In related news, Director Charles D. Lake II sold 29,802 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $107.29, for a total value of $3,197,456.58. Following the completion of the transaction, the director now owns 49,962 shares in the company, valued at $5,360,422.98. This trade represents a 37.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares of the company's stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,546 shares of company stock worth $5,863,616 in the last quarter. 0.90% of the stock is owned by company insiders.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.