Achmea Investment Management B.V. cut its holdings in Aflac Incorporated (NYSE:AFL) by 21.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,239 shares of the financial services provider’s stock after selling 31,916 shares during the period. Achmea Investment Management B.V.’s holdings in Aflac were worth $9,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AFL. Bollard Group LLC grew its stake in shares of Aflac by 0.6% in the second quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock valued at $182,000 after buying an additional 14 shares in the last quarter. Washington Trust Bank grew its stake in shares of Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock valued at $132,000 after buying an additional 16 shares in the last quarter. Balentine LLC grew its stake in shares of Aflac by 0.3% in the second quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock valued at $516,000 after buying an additional 18 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Aflac by 0.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock valued at $564,000 after buying an additional 27 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock valued at $111,000 after buying an additional 30 shares in the last quarter. Institutional investors own 65.60% of the company’s stock.

In other Aflac news, Director Douglas Wayne Johnson sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the completion of the transaction, the director now owns 13,733 shares in the company, valued at approximately $1,147,804.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Todd Daniels sold 620 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $81.49, for a total value of $50,523.80. Following the transaction, the insider now owns 15,454 shares of the company’s stock, valued at approximately $1,259,346.46. The disclosure for this sale can be found here. Insiders sold a total of 31,899 shares of company stock valued at $2,662,483 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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Several equities analysts recently weighed in on AFL shares. Bank of America Corporation cut shares of Aflac from a “neutral” rating to an “underperform” rating in a research note on Friday, September 8th. Barclays PLC raised their target price on shares of Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Monday, July 3rd. FBR & Co reissued a “market perform” rating and issued a $80.00 target price (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “sell” rating and issued a $66.00 target price on shares of Aflac in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Aflac currently has an average rating of “Hold” and an average price target of $79.63.

Aflac Incorporated (AFL) traded down 0.01% during trading on Thursday, reaching $83.75. 105,229 shares of the company’s stock were exchanged. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of 12.66 and a beta of 0.96. The firm’s 50-day moving average price is $82.81 and its 200-day moving average price is $78.33. Aflac Incorporated has a 12 month low of $66.50 and a 12 month high of $84.68.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.20. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. On average, equities research analysts anticipate that Aflac Incorporated will post $6.69 EPS for the current year.

Aflac declared that its board has authorized a stock repurchase program on Tuesday, August 8th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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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