Huntington National Bank Grows Position in AFLAC Incorporated (AFL)

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Huntington National Bank increased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 196,919 shares of the financial services provider’s stock after buying an additional 1,249 shares during the period. Huntington National Bank’s holdings in AFLAC were worth $9,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Guinness Asset Management Ltd increased its stake in shares of AFLAC by 12.2% in the third quarter. Guinness Asset Management Ltd now owns 421,470 shares of the financial services provider’s stock valued at $19,838,000 after purchasing an additional 45,990 shares during the period. Sabal Trust CO increased its stake in shares of AFLAC by 5.1% in the third quarter. Sabal Trust CO now owns 568,429 shares of the financial services provider’s stock valued at $26,756,000 after purchasing an additional 27,676 shares during the period. McCollum Christoferson Group LLC increased its stake in shares of AFLAC by 2.7% in the third quarter. McCollum Christoferson Group LLC now owns 78,216 shares of the financial services provider’s stock valued at $3,682,000 after purchasing an additional 2,043 shares during the period. First Hawaiian Bank acquired a new stake in shares of AFLAC in the third quarter valued at approximately $539,000. Finally, Berkshire Asset Management LLC PA increased its stake in shares of AFLAC by 15.3% in the third quarter. Berkshire Asset Management LLC PA now owns 18,172 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 2,414 shares during the period. Hedge funds and other institutional investors own 67.27% of the company’s stock.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of AFLAC in a research note on Wednesday, October 3rd. Morgan Stanley raised their price target on shares of AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. B. Riley raised their price target on shares of AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Credit Suisse Group dropped their price target on shares of AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.54.

Shares of NYSE:AFL opened at $44.47 on Friday. AFLAC Incorporated has a 1-year low of $41.41 and a 1-year high of $48.19. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $33.94 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.

AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that AFLAC Incorporated will post 4.05 EPS for the current year.

In related news, Director Joseph L. Moskowitz sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $46.38, for a total value of $69,570.00. Following the completion of the transaction, the director now owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total transaction of $93,040.00. Following the completion of the transaction, the director now directly owns 29,859 shares of the company’s stock, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

About AFLAC

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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