Broderick Brian C reduced its stake in shares of Aflac Incorporated (NYSE:AFL) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,844 shares of the financial services provider’s stock after selling 1,390 shares during the period. Broderick Brian C’s holdings in Aflac were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AFL. Quadrant Capital Group LLC increased its stake in shares of Aflac by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 2,391 shares of the financial services provider’s stock worth $166,000 after buying an additional 7 shares during the last quarter. Bollard Group LLC increased its stake in shares of Aflac by 0.6% in the first quarter. Bollard Group LLC now owns 2,325 shares of the financial services provider’s stock worth $168,000 after buying an additional 14 shares during the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Aflac by 0.9% in the first quarter. BKD Wealth Advisors LLC now owns 3,692 shares of the financial services provider’s stock worth $267,000 after buying an additional 34 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Aflac by 0.8% in the first quarter. Private Trust Co. NA now owns 5,051 shares of the financial services provider’s stock worth $365,000 after buying an additional 42 shares during the last quarter. Finally, Ronald Blue & Co. LLC increased its stake in shares of Aflac by 0.6% in the first quarter. Ronald Blue & Co. LLC now owns 7,807 shares of the financial services provider’s stock worth $565,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 64.13% of the company’s stock.

Aflac Incorporated (AFL) opened at 77.68 on Friday. The company has a market cap of $30.83 billion, a PE ratio of 12.64 and a beta of 0.99. The stock has a 50 day moving average of $77.49 and a 200-day moving average of $73.48. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $79.86.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Aflac had a return on equity of 12.82% and a net margin of 11.24%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Aflac’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Aflac Incorporated will post $6.52 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research note on Wednesday. FBR & Co reiterated a “market perform” rating and set a $80.00 price objective (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 price objective on shares of Aflac in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Bank of America Corporation upgraded shares of Aflac from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $78.00 in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.54.

In related news, insider Paul S. Amos II sold 222,889 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the sale, the insider now owns 329,540 shares in the company, valued at approximately $25,506,396. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karole Lloyd bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $77.01 per share, with a total value of $77,010.00. Following the transaction, the director now directly owns 7,253 shares in the company, valued at $558,553.53. The disclosure for this purchase can be found here. Insiders have sold 236,703 shares of company stock valued at $18,328,514 in the last three months. 3.00% of the stock is owned by insiders.

Aflac Company 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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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