AFLAC Incorporated (AFL) Position Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its stake in AFLAC Incorporated (NYSE:AFL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 316,460 shares of the financial services provider’s stock after selling 4,961 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.08% of AFLAC worth $27,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AFL. Balyasny Asset Management LLC increased its holdings in AFLAC by 1,351.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,311,615 shares of the financial services provider’s stock worth $101,886,000 after acquiring an additional 1,221,231 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of AFLAC by 392.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock worth $106,100,000 after buying an additional 1,038,628 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of AFLAC by 244.3% during the third quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock worth $117,491,000 after buying an additional 1,024,456 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of AFLAC by 108.6% during the second quarter. Parametric Portfolio Associates LLC now owns 1,870,142 shares of the financial services provider’s stock worth $145,273,000 after buying an additional 973,604 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of AFLAC by 1,727.1% during the second quarter. Janus Henderson Group PLC now owns 1,014,334 shares of the financial services provider’s stock worth $78,794,000 after buying an additional 958,817 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

AFLAC Incorporated (AFL) opened at $87.82 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. The firm has a market cap of $33,964.20, a PE ratio of 12.73, a PEG ratio of 2.47 and a beta of 1.02. AFLAC Incorporated has a 1 year low of $66.50 and a 1 year high of $91.73.

AFLAC (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. analysts expect that AFLAC Incorporated will post 6.76 earnings per share for the current year.

AFL has been the subject of a number of research reports. Citigroup lowered shares of AFLAC from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 target price (up previously from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Goldman Sachs Group initiated coverage on shares of AFLAC in a report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price for the company. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a report 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 given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.29.

In other news, VP James Todd Daniels sold 1,430 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.11, for a total transaction of $124,567.30. Following the transaction, the vice president now owns 12,708 shares of the company’s stock, valued at approximately $1,106,993.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,657 shares of company stock worth $1,988,685. Corporate insiders own 3.00% of the company’s stock.

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AFLAC Profile

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.

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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