Achmea Investment Management B.V. Sells 236,976 Shares of Aflac Incorporated $AFL

Achmea Investment Management B.V. reduced its stake in Aflac Incorporated (NYSE:AFL) by 86.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,561 shares of the financial services provider’s stock after selling 236,976 shares during the quarter. Achmea Investment Management B.V.’s holdings in Aflac were worth $4,084,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Aflac by 188.5% during the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the period. Darwin Wealth Management LLC acquired a new position in Aflac in the 2nd quarter valued at $33,000. Westside Investment Management Inc. raised its holdings in Aflac by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 162 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in Aflac in the 2nd quarter worth $42,000. Finally, JCIC Asset Management Inc. acquired a new position in Aflac during the 3rd quarter worth $45,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aflac in a research report on Monday, December 22nd. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Mizuho set a $107.00 price objective on Aflac in a research report on Monday, February 9th. Raymond James Financial restated an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. Finally, Barclays set a $101.00 price target on Aflac and gave the stock an “underweight” rating in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Aflac currently has an average rating of “Hold” and an average price target of $111.73.

Aflac Trading Down 1.5%

Shares of AFL opened at $107.89 on Thursday. The stock’s 50-day moving average price is $111.48 and its 200 day moving average price is $110.35. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $55.71 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 3.59 and a beta of 0.66. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the business posted $1.57 EPS. Aflac’s revenue was down 9.6% compared to the same quarter last year. As a group, research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Insider Buying and Selling

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $110.96, for a total transaction of $2,141,528.00. Following the sale, the insider owned 52,241,500 shares in the company, valued at $5,796,716,840. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Kent Beaver sold 7,387 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $113.58, for a total transaction of $839,015.46. Following the completion of the sale, the executive vice president directly owned 40,526 shares in the company, valued at $4,602,943.08. This trade represents a 15.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 151,077 shares of company stock valued at $16,648,784 over the last ninety days. 0.90% of the stock is owned by company insiders.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.