Macquarie Group Ltd. lowered its holdings in shares of Aflac Incorporated (NYSE:AFL – Get Rating) by 49.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 47,298 shares of the financial services provider’s stock after selling 46,709 shares during the period. Macquarie Group Ltd.’s holdings in Aflac were worth $2,659,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Redwood Investment Management LLC grew its holdings in Aflac by 0.9% during the third quarter. Redwood Investment Management LLC now owns 22,388 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 205 shares during the period. Delphia USA Inc. bought a new stake in shares of Aflac during the third quarter worth approximately $246,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Aflac by 22.0% during the third quarter. Cubist Systematic Strategies LLC now owns 167,730 shares of the financial services provider’s stock worth $9,426,000 after acquiring an additional 30,274 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Aflac by 222.1% during the third quarter. Lazard Asset Management LLC now owns 5,557 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 3,832 shares during the period. Finally, Ergoteles LLC bought a new stake in shares of Aflac during the third quarter worth approximately $8,685,000. Institutional investors own 66.22% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on AFL shares. JPMorgan Chase & Co. boosted their price objective on Aflac from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, January 6th. Raymond James boosted their price objective on Aflac from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Citigroup boosted their price objective on Aflac from $61.00 to $70.00 in a report on Wednesday, November 16th. Morgan Stanley cut their price target on Aflac from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, February 24th. Finally, Evercore ISI set a $66.00 price target on Aflac in a research note on Thursday, November 17th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.75.
Aflac Stock Down 1.9 %
Aflac (NYSE:AFL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. Aflac had a net margin of 21.54% and a return on equity of 13.69%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The company’s revenue was down 26.2% on a year-over-year basis. Research analysts forecast that Aflac Incorporated will post 5.59 EPS for the current fiscal year.
Insider Buying and Selling at Aflac
In other Aflac news, Director Joseph L. Moskowitz sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $71.98, for a total transaction of $35,990.00. Following the completion of the transaction, the director now directly owns 19,751 shares in the company, valued at $1,421,676.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $71.98, for a total transaction of $35,990.00. Following the completion of the transaction, the director now directly owns 19,751 shares in the company, valued at $1,421,676.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masatoshi Koide sold 19,291 shares of the company’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $70.36, for a total transaction of $1,357,314.76. Following the transaction, the director now owns 87,598 shares of the company’s stock, valued at $6,163,395.28. The disclosure for this sale can be found here. Insiders sold a total of 24,479 shares of company stock worth $1,724,278 over the last three months. Corporate insiders own 1.10% of the company’s stock.
About Aflac
Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
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