Donald L. Hagan LLC Cuts Stake in AFLAC Incorporated (NYSE:AFL)

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Donald L. Hagan LLC reduced its position in AFLAC Incorporated (NYSE:AFL) by 30.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,007 shares of the financial services provider’s stock after selling 4,830 shares during the quarter. Donald L. Hagan LLC’s holdings in AFLAC were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in AFLAC by 9.5% in the second quarter. IFP Advisors Inc now owns 3,944 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 342 shares during the last quarter. Regentatlantic Capital LLC grew its holdings in AFLAC by 1.0% in the third quarter. Regentatlantic Capital LLC now owns 38,863 shares of the financial services provider’s stock worth $1,413,000 after purchasing an additional 383 shares during the last quarter. Tanaka Capital Management Inc. grew its holdings in AFLAC by 1.3% in the second quarter. Tanaka Capital Management Inc. now owns 30,616 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 390 shares during the last quarter. Advisory Resource Group grew its holdings in AFLAC by 1.2% in the second quarter. Advisory Resource Group now owns 35,032 shares of the financial services provider’s stock worth $1,262,000 after purchasing an additional 403 shares during the last quarter. Finally, Smithfield Trust Co. grew its holdings in AFLAC by 16.3% in the second quarter. Smithfield Trust Co. now owns 3,070 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 430 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

In other AFLAC news, Director Charles D. Lake II sold 16,392 shares of AFLAC stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $37.32, for a total value of $611,749.44. Following the completion of the transaction, the director now owns 83,540 shares of the company’s stock, valued at $3,117,712.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $38.13 per share, with a total value of $38,130.00. Following the acquisition, the director now directly owns 33,085 shares of the company’s stock, valued at approximately $1,261,531.05. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

NYSE AFL traded down $0.04 on Friday, reaching $37.21. 2,630,899 shares of the company’s stock traded hands, compared to its average volume of 4,037,806. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.65 and a beta of 0.82. The stock has a 50 day moving average price of $36.99 and a 200-day moving average price of $36.36. AFLAC Incorporated has a fifty-two week low of $23.07 and a fifty-two week high of $55.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.07 and a current ratio of 0.07.

AFLAC (NYSE:AFL) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.23. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.49 billion. AFLAC had a net margin of 13.50% and a return on equity of 11.98%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. As a group, equities research analysts anticipate that AFLAC Incorporated will post 4.64 EPS for the current fiscal year.

Several equities research analysts have recently commented on AFL shares. Credit Suisse Group lifted their price objective on shares of AFLAC from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 22nd. SunTrust Banks lowered their price objective on shares of AFLAC from $44.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Morgan Stanley lifted their price objective on shares of AFLAC from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 6th. TheStreet upgraded shares of AFLAC from a “c+” rating to a “b-” rating in a research note on Wednesday, October 7th. Finally, ValuEngine downgraded shares of AFLAC from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.25.

About AFLAC

Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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