EagleClaw Capital Managment LLC trimmed its position in AFLAC Incorporated (NYSE:AFL) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,075 shares of the financial services provider’s stock after selling 225 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in AFLAC were worth $1,311,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in AFLAC in the second quarter worth about $25,000. Lenox Wealth Advisors LLC acquired a new stake in AFLAC in the third quarter worth about $25,000. Pearl River Capital LLC acquired a new stake in AFLAC in the second quarter worth about $27,000. North Star Investment Management Corp. acquired a new stake in AFLAC in the third quarter worth about $31,000. Finally, Virtus ETF Advisers LLC acquired a new stake in AFLAC in the second quarter worth about $32,000. Hedge funds and other institutional investors own 64.27% of the company’s stock.
In other news, insider James Todd Daniels sold 5,552 shares of AFLAC stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $52.98, for a total transaction of $294,144.96. Following the transaction, the insider now owns 20,101 shares in the company, valued at approximately $1,064,950.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $52.00, for a total value of $78,000.00. Following the transaction, the director now owns 11,349 shares in the company, valued at approximately $590,148. The disclosure for this sale can be found here. Insiders have sold a total of 15,780 shares of company stock worth $835,628 in the last quarter. 1.30% of the stock is currently owned by company insiders.
AFLAC (NYSE:AFL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.06. AFLAC had a return on equity of 12.94% and a net margin of 14.24%. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the business earned $1.07 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that AFLAC Incorporated will post 4.36 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Bank of America set a $54.00 target price on AFLAC and gave the stock a “hold” rating in a report on Friday, September 27th. Barclays reduced their target price on AFLAC from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. ValuEngine cut AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Evercore ISI cut AFLAC from an “in-line” rating to an “underperform” rating and set a $56.57 target price on the stock. in a report on Tuesday, July 16th. Finally, Morgan Stanley raised their target price on AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. AFLAC currently has an average rating of “Hold” and an average price target of $53.62.
Aflac Incorporated, through its subsidiaries, 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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