Sawyer & Company Inc Acquires New Position in AFLAC Incorporated (AFL)

Sawyer & Company Inc acquired a new stake in shares of AFLAC Incorporated (NYSE:AFL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,115 shares of the financial services provider’s stock, valued at approximately $1,151,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its stake in AFLAC by 4,338.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares in the last quarter. Harfst & Associates Inc. grew its stake in AFLAC by 12.0% during the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 214 shares in the last quarter. Ifrah Financial Services Inc. acquired a new stake in AFLAC during the 3rd quarter valued at approximately $200,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in AFLAC during the 3rd quarter valued at approximately $204,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in AFLAC during the 3rd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 65.63% of the company’s stock.

AFL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a research note 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. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “sell” rating and set a $71.00 target price on shares of AFLAC in a report on Tuesday, October 10th. Finally, Citigroup downgraded AFLAC from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $80.29.

In related news, insider Audrey B. Tillman sold 2,360 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.64, for a total value of $206,830.40. Following the sale, the insider now owns 39,331 shares of the company’s stock, valued at approximately $3,446,968.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the sale, 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 sold 22,657 shares of company stock worth $1,988,685. Company insiders own 3.00% of the company’s stock.

Shares of AFLAC Incorporated (NYSE:AFL) traded up $0.95 during midday trading on Thursday, hitting $91.69. The company had a trading volume of 1,369,536 shares, compared to its average volume of 1,676,486. The company has a market cap of $35,870.00, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. AFLAC Incorporated has a 1-year low of $66.50 and a 1-year high of $91.30. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24.

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

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About AFLAC

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.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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