Today: The 3,828 Shares of Aflac Inc. (AFL) are sold by North Star Asset Management Inc.

The 3,828 Shares of Aflac Inc. (AFL) are sold by North Star Asset Management Inc.

North Star Asset Management Inc. lowered its position in Aflac Inc. (NYSE:AFL) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,732 shares of the company’s stock after selling 3,828 shares during the period. North Star Asset Management Inc.’s holdings in Aflac were worth $4,527,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Smith Salley & Associates increased its stake in Aflac by 2.0% in the second quarter. Smith Salley & Associates now owns 3,540 shares of the company’s stock worth $255,000 after buying an additional 70 shares during the period. Nordea Investment Management AB increased its stake in Aflac by 3.1% in the second quarter. Nordea Investment Management AB now owns 6,665,900 shares of the company’s stock worth $481,011,000 after buying an additional 197,448 shares during the period. Sequoia Financial Advisors LLC increased its stake in Aflac by 9.5% in the second quarter. Sequoia Financial Advisors LLC now owns 41,058 shares of the company’s stock worth $2,963,000 after buying an additional 3,576 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Aflac by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,368,693 shares of the company’s stock worth $98,765,000 after buying an additional 4,056 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in Aflac by 545.3% in the second quarter. Chicago Equity Partners LLC now owns 395,175 shares of the company’s stock worth $28,516,000 after buying an additional 333,940 shares during the period. 62.87% of the stock is owned by hedge funds and other institutional investors.

Aflac Inc. (NYSE:AFL) traded down 0.23% during midday trading on Monday, reaching $70.80. The company’s stock had a trading volume of 490,665 shares. The firm has a market capitalization of $29.00 billion, a PE ratio of 11.64 and a beta of 1.33. The firm has a 50 day moving average price of $72.42 and a 200 day moving average price of $70.45. Aflac Inc. has a 1-year low of $54.57 and a 1-year high of $74.50.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.03. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. On average, analysts predict that Aflac Inc. will post $6.85 EPS for the current year.

A number of research firms recently issued reports on AFL. Credit Suisse Group AG began coverage on shares of Aflac in a research report on Friday, October 7th. They set an “underperform” rating and a $75.00 target price for the company. Wells Fargo & Co. began coverage on shares of Aflac in a research report on Friday, September 23rd. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG reissued a “hold” rating and set a $73.00 target price (down previously from $75.00) on shares of Aflac in a research report on Monday, August 1st. Finally, FBR & Co reaffirmed a “hold” rating on shares of Aflac in a research report on Friday, July 29th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.88.

In other Aflac news, Director Barbara K. Rimer sold 3,650 shares of Aflac stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $71.74, for a total value of $261,851.00. Following the transaction, the director now directly owns 15,910 shares of the company’s stock, valued at approximately $1,141,383.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Koji Ariyoshi sold 57,413 shares of Aflac stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $73.20, for a total value of $4,202,631.60. Following the completion of the transaction, the vice president now directly owns 15,956 shares in the company, valued at $1,167,979.20. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

About Aflac

Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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