Indiana Trust & Investment Management CO Cuts Position in AFLAC Incorporated (AFL)
Indiana Trust & Investment Management CO decreased its holdings in AFLAC Incorporated (NYSE:AFL) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 39,854 shares of the financial services provider’s stock after selling 3,316 shares during the period. Indiana Trust & Investment Management CO’s holdings in AFLAC were worth $1,714,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial For Lutherans grew its position in shares of AFLAC by 2.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 26,923 shares of the financial services provider’s stock worth $2,364,000 after buying an additional 644 shares in the last quarter. MML Investors Services LLC grew its position in shares of AFLAC by 6.3% during the fourth quarter. MML Investors Services LLC now owns 17,449 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 1,031 shares in the last quarter. KCM Investment Advisors LLC grew its position in shares of AFLAC by 7.5% during the fourth quarter. KCM Investment Advisors LLC now owns 14,825 shares of the financial services provider’s stock worth $1,301,000 after buying an additional 1,038 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of AFLAC by 7.3% during the fourth quarter. Baker Avenue Asset Management LP now owns 16,163 shares of the financial services provider’s stock worth $1,419,000 after buying an additional 1,105 shares in the last quarter. Finally, Oakworth Capital Inc. grew its position in shares of AFLAC by 100.0% during the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 67.22% of the company’s stock. Get AFLAC alerts:
AFL stock opened at $43.04 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.35 and a beta of 0.97. AFLAC Incorporated has a 1 year low of $38.31 and a 1 year high of $46.19.
AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a return on equity of 12.39% and a net margin of 20.61%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. analysts predict that AFLAC Incorporated will post 3.97 EPS for the current year.
A number of analysts have recently weighed in on AFL shares. Sandler O’Neill reissued a “hold” rating and set a $47.00 price target on shares of AFLAC in a research report on Thursday, April 5th. Zacks Investment Research downgraded shares of AFLAC from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Bank of America initiated coverage on shares of AFLAC in a report on Monday, March 26th. They issued a “neutral” rating and a $49.00 price objective for the company. Morgan Stanley lifted their price objective on shares of AFLAC from $22.75 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 27th. Finally, ValuEngine downgraded shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. AFLAC currently has an average rating of “Hold” and a consensus price target of $46.46.
In other AFLAC news, insider Eric M. Kirsch sold 66,447 shares of the firm’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $43.31, for a total value of $2,877,819.57. Following the sale, the insider now directly owns 128,796 shares in the company, valued at $5,578,154.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 3.00% of the company’s stock.
AFLAC Profile
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.
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AFLAC Incorporated (NYSE:AFL). Receive News & Ratings for AFLAC analysts’ ratings for AFLAC and related companies daily email newsletter . «
The post Indiana Trust & Investment Management CO Cuts Position in AFLAC Incorporated (AFL) appeared first on Denny Boy’s Interesting Blog.
from Denny Boy’s Interesting Blog https://ift.tt/2zmxuDF via Article Source
from Tumblr https://ift.tt/2NBIiRB
No comments:
Post a Comment