Greatmark Investment Partners Inc. Has $52.81 Million Stake in Aflac Incorporated (NYSE:AFL)

Greatmark Investment Partners Inc. reduced its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 510,509 shares of the financial services provider's stock after selling 7,426 shares during the quarter. Aflac makes up approximately 7.2% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its biggest position. Greatmark Investment Partners Inc. owned approximately 0.09% of Aflac worth $52,807,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in Aflac by 1.3% during the fourth quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider's stock valued at $791,000 after acquiring an additional 99 shares during the period. Phillips Wealth Planners LLC raised its holdings in Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider's stock valued at $662,000 after acquiring an additional 100 shares during the period. Raleigh Capital Management Inc. raised its holdings in Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 100 shares during the period. TKG Advisors LLC raised its holdings in Aflac by 0.5% during the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider's stock valued at $2,230,000 after acquiring an additional 103 shares during the period. Finally, Covestor Ltd raised its holdings in Aflac by 41.8% during the third quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 107 shares during the period. 67.44% of the stock is owned by institutional investors.

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Aflac Trading Up 1.1 %

AFL traded up $1.13 on Wednesday, hitting $108.49. The company had a trading volume of 1,846,789 shares, compared to its average volume of 1,989,998. Aflac Incorporated has a 12-month low of $79.31 and a 12-month high of $115.50. The business's fifty day simple moving average is $105.60 and its 200 day simple moving average is $107.65. The company has a market cap of $59.30 billion, a PE ratio of 11.30, a PEG ratio of 3.24 and a beta of 0.93. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL - Get Free Report) last announced its 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 net margin of 28.76% and a return on equity of 16.20%. Equities research analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Insider Buying and Selling at Aflac

In other news, Director Charles D. Lake II sold 29,802 shares of Aflac stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the completion of the sale, the director now owns 49,962 shares of the company's stock, valued at approximately $5,360,422.98. The trade was a 37.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the sale, the executive vice president now directly owns 222,618 shares of the company's stock, valued at $23,018,701.20. This 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 over the last 90 days. Company insiders own 0.80% of the company's stock.

Analyst Ratings Changes

AFL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Aflac from $107.00 to $104.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. Evercore ISI cut their price objective on Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a research report on Wednesday, December 4th. StockNews.com upgraded Aflac from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Barclays cut their price objective on Aflac from $98.00 to $95.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Finally, Morgan Stanley raised their price objective on Aflac from $98.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $103.36.

About Aflac

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.