Cullinan Associates Inc. lessened its stake in shares of AFLAC Incorporated (NYSE:AFL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,700 shares of the financial services provider’s stock after selling 1,600 shares during the period. AFLAC accounts for approximately 0.8% of Cullinan Associates Inc.’s portfolio, making the stock its 27th biggest position. Cullinan Associates Inc.’s holdings in AFLAC were worth $9,554,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank raised its holdings in AFLAC by 10.3% in the 4th quarter. First Hawaiian Bank now owns 12,617 shares of the financial services provider’s stock valued at $574,000 after buying an additional 1,175 shares during the period. Hexavest Inc. raised its holdings in AFLAC by 44.4% in the 4th quarter. Hexavest Inc. now owns 1,463,674 shares of the financial services provider’s stock valued at $66,685,000 after buying an additional 450,012 shares during the period. State of Alaska Department of Revenue raised its holdings in AFLAC by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 138,539 shares of the financial services provider’s stock valued at $6,310,000 after buying an additional 891 shares during the period. United Capital Management of KS Inc. raised its holdings in AFLAC by 11.6% in the 4th quarter. United Capital Management of KS Inc. now owns 21,799 shares of the financial services provider’s stock valued at $993,000 after buying an additional 2,273 shares during the period. Finally, USS Investment Management Ltd raised its holdings in AFLAC by 4.9% in the 4th quarter. USS Investment Management Ltd now owns 236,200 shares of the financial services provider’s stock valued at $10,764,000 after buying an additional 11,100 shares during the period. Institutional investors and hedge funds own 66.67% of the company’s stock.
In other news, VP Richard Williams, Jr. sold 1,129 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $43.97, for a total transaction of $49,642.13. Following the completion of the transaction, the vice president now directly owns 14,577 shares of the company’s stock, valued at $640,950.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Todd Daniels sold 3,400 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $44.14, for a total value of $150,076.00. Following the transaction, the insider now directly owns 11,394 shares of the company’s stock, valued at $502,931.16. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Several brokerages recently issued reports on AFL. ValuEngine upgraded shares of AFLAC from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. lowered shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Wednesday, January 2nd. Zacks Investment Research restated a “hold” rating and issued a $49.00 price objective on shares of AFLAC in a report on Monday, December 31st. Finally, Morgan Stanley reduced their price objective on shares of AFLAC from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.46.
NYSE:AFL traded up $0.01 on Friday, reaching $45.77. 69,724 shares of the company’s stock were exchanged, compared to its average volume of 4,028,387. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $34.41 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. AFLAC Incorporated has a 52-week low of $41.41 and a 52-week high of $48.19.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the company posted $0.85 earnings per share. Analysts expect that AFLAC Incorporated will post 4.08 EPS for the current fiscal year.
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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